Dempsey Has Big Plans For Tully's
But in a statement on Thursday, auction rival Starbucks insinuated that Dempsey shouldn't celebrate just yet. Starbucks says a final determination on the winning bid won't be made until a court hearing on Jan. 11. Starbucks said it's in a "back-up" position to buy 25 of the 47 Tully's cafes, with another undisclosed bidder making an offer for the remainder.
The combined bids of Starbucks and the undisclosed bidder come to $10.6 million, above the $9.2 million Dempsey's company is offering.
IMAGE from Seattle Times
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