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NowServingNumber52

Panera Bread To Be Bought By Krispy Kreme For $7 Billion

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:blink:

CBS Local – The group that owns Krispy Kreme, JAB Holding Co., has agreed a deal to purchase Panera Bread for $7 billion, via Sun Sentinel.

JAB Holding Co. also owns, or has a big stake in, Peet’s Coffee & Tea, Caribou Coffee Co., Stumptown Coffee and Keurig Green Mountain. The company is based out of Luxembourg in Europe.

The deal represents that Panera was sold for $315 per share, a handsome increase from the $274 it closed at on Tuesday. Since the announcement of the deal, those shares have increased 12%.

http://chicago.cbslocal.com/2017/04/05/panera-krispy-kreme-deal/

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 Cinnamon    19,684
57 minutes ago, NowServingNumber52 said:

:blink:

CBS Local – The group that owns Krispy Kreme, JAB Holding Co., has agreed a deal to purchase Panera Bread for $7 billion, via Sun Sentinel.

JAB Holding Co. also owns, or has a big stake in, Peet’s Coffee & Tea, Caribou Coffee Co., Stumptown Coffee and Keurig Green Mountain. The company is based out of Luxembourg in Europe.

The deal represents that Panera was sold for $315 per share, a handsome increase from the $274 it closed at on Tuesday. Since the announcement of the deal, those shares have increased 12%.

http://chicago.cbslocal.com/2017/04/05/panera-krispy-kreme-deal/

More consolidation of big food. 

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