Veteran financial journalist Jon Talton blogs daily on the most important economic news, trends and issues involving Seattle and the Northwest.
Tully's Coffee adjourns shareholder meeting without decision
Tully's Coffee adjourned a special shareholders meeting this morning, without a final decision on the sale of its wholesale business, because not enough votes were cast in one class of its three classes of shares.
Seattle Times business reporter
Tully's Coffee adjourned a special shareholders meeting this morning, without a final decision on the sale of its wholesale business, because not enough votes were cast in one of its three classes of shares.
The meeting, to determine whether the company will move ahead with the $40.3 million sale of its wholesale business to Green Mountain Coffee Roasters of Vermont, will reconvene at Tully's headquarters on Friday at 8 a.m.
Tully's also will hold informational meetings for shareholders at its headquarters on Wednesday from 4 to 6 p.m. and Thursday from 8 to 10 a.m.
Almost 300 shareholders attended this morning's meeting at the Museum of Flight and stayed after the adjournment to ask questions.
Melissa Allison: 206-464-3312 or firstname.lastname@example.org
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