Looks like they made a mistake in the release. MOKA shareholders get
cash, stock, more cash, or a combination of both?
Feb. 9, 1999, Diedrich Coffee Inc. (Nasdaq:DDRX - news) reported that it signed a letter of intent to acquire Coffee People
Inc. (Nasdaq:MOKA - news).
Under the terms of the letter of intent, Coffee People shareholders will receive $10.75 million in cash, 1,667,000 shares of
DDRX common stock, and $14.25 million in cash or a combination of cash and stock based on the successful completion of a
public equity offering by DDRX. As of February 8, there were approximately 10,760,000 shares of MOKA common stock
outstanding |
