November 19, 1994 |
Canada's largest chain of coffeehouses said Friday that it has called off its plan to acquire Orange County's Diedrich Coffee for as much as $6 million in cash and stock. Second Cup Ltd. in Toronto said it decided during a review process that "it would not be in the best interest of the Second Cup shareholders to proceed with the transaction at this time."
November 2, 2000 |
A Toronto company said Wednesday that it ended up with an 8% stake in Diedrich Coffee Inc. as a result of the Irvine coffee maker's purchase last summer of Coffee People Inc. Second Cup Ltd., which owned 69% of Coffee People, said in a filing with the Securities and Exchange Commission that it beneficially holds more than 1 million shares of Diedrich as consideration for the July 7 acquisition.
July 9, 1999 |
Diedrich Coffee Inc., moving to secure the No. 2 ranking behind industry giant Starbucks Corp., said it has completed its acquisition of Coffee People Inc. for $23 million cash and 1.5 million shares of Diedrich stock. Second Cup Ltd., which owned 70% of Coffee People, received cash and a stake of about 8.5%, or about 1 million shares, in Diedrich Coffee.
January 25, 2001 |
A Toronto company that wound up with an 8% stake in Diedrich Coffee Inc. said Wednesday in a filing with regulators that it has reduced its stake in the Irvine coffeehouse chain to 6.8%. Second Cup Ltd. said in the filing with the Securities and Exchange Commission that it sold 190,000 Diedrich shares between Dec. 1 and Jan. 18 at prices ranging from 41 cents to $1.31 a share. Second Cup had acquired its stake last year by selling its 69% interest in Coffee People Inc.
February 10, 1999 |
In its third aggressive expansion maneuver in six months, Diedrich Coffee Inc. agreed Tuesday to buy Coffee People Inc. for about $34 million in cash and stock from its majority owner, Second Cup Ltd. of Toronto. The deal would create a company with 363 outlets--including 76 coffeehouses--in 38 states and seven countries. Second Cup, which will retain 369 coffee "cafes" across Canada, remains North America's second-biggest coffeehouse chain, trailing Seattle's Starbucks Corp.
July 24, 1996 |
Diedrich Coffee said Tuesday that it will sell 2.2 million shares of common stock for $15.6 million and use the proceeds to aggressively expand the family-owned chain. Coffeehouse industry observers had been expecting Irvine-based Diedrich to make a public stock offering in order to remain competitive with larger, fast-growing competitors.