Don't Read Too Much Into Lavazza's Raised Stake in Green Mountain (GMCR)
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Lavazza created a buzz in shares of Green Mountain Coffee (NASDAQ: GMCR) last week after the Italian coffee maker boosted its stake in the U.S. single-serve coffee leader to 6.8 percent. But don't read too much into the raised stake, according to the Vice Chairman.
In a Milan interview, Vice Chairman Giuseppe Lavazza said he expects the company's stake in Green Mountain to remain stable and it isn't planning at takeover of Green Mountain.
Shares of GMCR are up 1 percent early Wednesday to $30.26.
In a Milan interview, Vice Chairman Giuseppe Lavazza said he expects the company's stake in Green Mountain to remain stable and it isn't planning at takeover of Green Mountain.
Shares of GMCR are up 1 percent early Wednesday to $30.26.
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