Caribou to go private in $340M buyout

Caribou to go private in $340M buyout

German firm Joh. A. Benckiser will pay a 30-percent premium for the coffee chain

Caribou Coffee, the nation’s second-largest coffeehouse chain, will go private in a $340 million acquisition by international holding company Joh. A. Benckiser Group, the companies announced Monday.

An affiliate of Joh. A. Benckiser will pay $16 per share for all outstanding shares of Caribou Coffee’s common stock, which represents approximately a 30-percent premium over the $12.32 closing share price from Friday.

Caribou operates 408 coffeehou

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