Thursday, January 10, 2013

Other bidders contest Tully's sale to Dempsey

Patrick Dempsey's investment group has won the bid to purchase Tully's Coffee. Dempsey meets the staff at the Tully's Coffee on Western Avenue near the Pike Place Market on Friday, Jan. 4, 2013. (AP Photo/The Seattle Times, Mike Siegel) OUTS: SEATTLE OUT, USA TODAY OUT, MAGAZINES OUT, TELEVISION OUT, SALES OUT. MANDATORY CREDIT TO: MIKE SIEGEL/THE SEATTLE TIMES.

Patrick Dempsey's investment group has won the bid to purchase Tully's Coffee. Dempsey meets the staff at the Tully's Coffee on Western Avenue near the Pike Place Market on Friday, Jan. 4, 2013. (AP Photo/The Seattle Times, Mike Siegel) OUTS: SEATTLE OUT, USA TODAY OUT, MAGAZINES OUT, TELEVISION OUT, SALES OUT. MANDATORY CREDIT TO: MIKE SIEGEL/THE SEATTLE TIMES.

FILE - In this June 28, 2011 file photo, actor Patrick Dempsey attends the "Transformers: Dark Of The Moon'" premiere in Times Square in New York. Late Thursday night Jan. 3, 2013, Dempsey announced that his company, Global Baristas LLC, made the winning bid for Tully's Coffee. (AP Photo/Evan Agostini, File)

Patrick Dempsey's investment group has won the bid to purchase Tully's Coffee. Dempsey meets the staff at the Tully's Coffee on Western Avenue near the Pike Place Market on Friday, Jan. 4, 2013. Dempsey meets with employees from left including Stephen Loewen, Susie Campos and Sarah Paulson. (AP Photo/The Seattle Times, Mike Siegel) OUTS: SEATTLE OUT, USA TODAY OUT, MAGAZINES OUT, TELEVISION OUT, SALES OUT. MANDATORY CREDIT TO: MIKE SIEGEL/THE SEATTLE TIMES.

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 Phillipines, 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.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-01-09-Tully's%20Coffee-Sale/id-6bf315174b4c4d5687d99cc2be4d4f48

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