Other bidders contest Tully's sale to Dempsey

Other bidders contest Tully's sale to Dempsey

Credit: KING 5

Other bidders contest Tully's sale to Dempsey

Print
Email
|

by Associated Press

Associated Press

Posted on January 10, 2013 at 1:06 AM

Updated Thursday, Jan 10 at 11:00 AM

SEATTLE (AP) — A company that teamed up with Starbucks Corp. to bid for the Tully's Coffee chain is challenging the winning offer made by "Grey's Anatomy" star Patrick Dempsey.

AgriNurture Inc. says it's still willing to proceed with its combined bid with Starbucks of about $10.6 million. The bid from Dempsey's company, Global Baristas LLC, was for $9.2 million.

The proposed sale goes before a bankruptcy judge in Seattle on Friday.

Starbucks has said it wants to convert some of Tully's cafes to its own brand, with AgriNurture running the rest under the Tully's name.

AgriNurture, based in the Philippines, also does business in the U.S. as Earthright Holdings Inc.

Another bidder has also filed an objection to the sale, saying the rules changed in the middle of the auction.

Print
Email
|