Green Mountain Coffee (GMCR) Trades Up 5% Following Starbucks (SBUX) Deal
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Green Mountain Coffee (Nasdaq: GMCR) is trading sharply higher after announcing a long-awaited K-Cup deal with Starbucks (Nasdaq: SBUX).
Shares of Green Mountain Coffee last traded at $46, up 5.4%.
No-terms were announced, but Starbucks will be the "the Exclusive Licensed Super-Premium Coffee Brand Produced by GMCR for the Keurig Single-Cup Brewing System."
Shares of Green Mountain Coffee last traded at $46, up 5.4%.
No-terms were announced, but Starbucks will be the "the Exclusive Licensed Super-Premium Coffee Brand Produced by GMCR for the Keurig Single-Cup Brewing System."
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