Green Mountain Coffee Bucks The Downtrend (GMCR)

Shares of Green Mountain Coffee GMCR are bucking the market's downtrend this morning after Luigi Lavazza agreed to purchase 7% of its common stock. Lavazza, an Italy-based maker of coffee machines, will retain an option to buy up to 15% of Green Mountain Coffee stock as the two companies work toward a development, marketing, and distribution agreement. Shares of Green Mountain are higher by $1.14, or 3.62%, to $32.60.