Something's Brewing at Diedrich Coffee

By Dave Marino-Nachison
The Motley Fool

December 7, 2004

Shares of Irvine, Calif.-based Starbucks (Nasdaq: SBUX) competitor Diedrich Coffee (Nasdaq: DDRX) jumped more than 11% in yesterday's trading following the announcement that the company agreed to sell the international franchise operation of its Gloria Jean's brand to Jireh International, its Australian franchisee, for $16 million in cash and $7.25 million in licensing and consulting payments to be delivered over six years.

More...