Green Mountain Coffee Roasters has raised its offer for Diedrich Coffee to $32 a share, totaling $265 million, in cash, The Wall Street Journal reports. Green Mountain had previously proposed to pay $30 a share.

The move comes after the rival, Peet’s Coffee & Tea, raised its bid for the single-serve coffee brand to $30.41 per share. Green Mountain acquired a coffee brand, Timothy’s Coffee of the World, for $157 million last week.

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