Peet's Coffee & Tea Inc (PEET.O) recently held talks with Starbucks Corp (SBUX.O) about a potential sale to the large coffee shop chain, CNBC reported, citing a DealReporter report. Peet's has a market value of $589 million based on the stock's closing price of $46 on Tuesday, when it rose 9.4 percent. The DealReporter did not say how likely a deal was between the two, CNBC said.
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