Photo: Associated Press
Here is what you need to know
- Green Mountain’s Keurig brewing system will be sold with Starbucks single-cup coffee and Tazo tea pods
- The combined products will be sold in grocery stores, wholesale clubs and drugstores starting this fall
- Both companies say the single-cup market has the potential to reach $4 billion
- Financial terms of the deal have not been disclosed yet
Green Mountain shares plunged a few weeks ago when rumours of a deal with Starbucks fell through.
Green Mountain is a heavily shorted stock.