Green Mountain Coffee Roasters, Inc. (GMCR) completed the acquisition of the Tully's Coffee brand and wholesale coffee business from Tully's Coffee Corp. for the purchase price of $40.3 million.(MERGERS & ACQUISITIONS)(Brief article)

Food Institute Report, The, April, 2009

GREEN MOUNTAIN COFFEE ROASTERS, INC. (GMCR) completed the acquisition of the TULLY'S COFFEE brand and wholesale coffee business from Tully's Coffee Corp. for the purchase price of $40.3 million. Tully's retail locations will continue to operate under license and supply agreements with GMCR. The retail and international business will remain an independent company, operating under the name TC GLOBAL, INC., owned by its existing shareholders and managed by its existing management team.

For initial agreement, see FOOD INSTITUTE REPORT Sept. 22, 2008, page 6.