Parent of Colorado's Einstein Bagels to buy Panera Bread in $7.5 billion deal

DENVER BUSINESS JOURNAL - Panera Bread Co. is being acquired by JAB Holding Co., which controls Colorado-based Einstein Noah Restaurant Group, in a deal valued at $7.5 billion.

Luxembourg-based JAB also has controlling stakes in such popular food and beverage brands as Krispy Kreme Doughnuts, Peet's Coffee & Tea, Caribou Coffee Co. and Keurig Green Mountain.

Privately-held JAB will pay $315 per share in cash for Panera, a premium of about 30 percent to Panera's 30-day-volume-weighted stock price as of March 31, the last day before news broke regarding a potential sale.

The deal would make Panera (Nasdaq: PNRA) a private company.

Read more at Denver Business Journal.

© 2017 American City Business Journals.


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