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Old 04-05-2017, 01:30 PM   #1
A.T. Hagan
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Default Krispy Kreme Owner To Buy Panera Bread In $7.5 Billion Deal


Panera Bread has grown from the 20-store Saint Louis Bread
Company to some 2,000 locations. The company says it will be
acquired by JAB for $315 per share in cash.
Scott Olson/Getty Images


http://www.npr.org/sections/thetwo-w...5-billion-deal

Quote:
The investment firm that owns Krispy Kreme, Caribou Coffee and other enterprises, is purchasing the Panera Bread Co. for $315 per share in cash — a premium of roughly 30 percent over its recent average trading price.

The deal with JAB Holding Co. is valued at around $7.5 billion, Panera said Wednesday.

If the transaction is finalized in the third quarter of 2017 as planned, Panera would be privately held.
The rest at NPR.
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