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Sweet Peet: Peet’s Coffee Bought for $1 Billion

Venti cashola.

Venti cashola.

Well, Starbucks either missed the boat or saved some serious cash, because Peet's Coffee & Tea, Inc. just announced that it's been acquired by Joh. A. Benckiser for about $1 billion. That's a lot of beans. [NYT]

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