And here in the bay area Peet's lovers have about the same affection for that merger as most on FT seem to have for the UA/CO merger...

The irony is about 30+ years ago Mr. Peet went to Seattle to show a small start up coffee roaster how to to do it. Not sure how much Mr. Peet was paid in consulting fees, but it sure came around and bit him in the rear about 20 years later when there was a Starbucks seemingly on every corner in the bay area.