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Caribou (CBOU) Extends Relationship w/ Green Mountain (GMCR), Keurig

December 22, 2011 1:48 PM EST
CBOU Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Revenue Growth %: +11.3%
On December 20, 2011, Caribou Coffee (Nasdaq: CBOU) entered into an Amended and Restated Purchase and License Agreement with Green Mountain Coffee Roasters, Inc. (Nasdaq: GMCR) and Keurig, Inc.

The Amended and Restated Purchase Agreement is effective January 1, 2012 and extends our long term relationship on terms and conditions substantially similar to our former agreement. Subject to certain conditions, the agreement has a five year initial term and subsequent renewal terms of three year periods.


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