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It’s Official: Panera Bread Sold To Krispy Kreme Owner

April 5, 2017: 12:00 AM EST
Holding company JAB confirmed last week that it will acquire St. Louis-based retail bakery chain Panera Bread for $7.2 billion. JAB’s portfolio of companies includes Caribou Coffee, Krispy Crème Doughnuts and Keurig Green Mountain. Panera operates 2,000 bakery cafes in the U.S. Already a hit among health-conscious consumers, Panera lately has been taking steps to improve sales and service. It is growing its loyalty program, installing time-saving kiosks, and expanding delivery. Panera’s shares soared 14.2 percent to a record-high of $312.98 when the sale was announced. JAB is paying a 20.3 percent premium on the stock’s March 31 closing price. [ Image credit: © Panera Bread Co.  ]
Anya George Tharakan et al., "Krispy Kreme-Owner JAB to Buy Bakery Chain Panera Bread", Reuters, April 05, 2017, © Reuters
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