JAB Holding Co., owner of a growing cache of coffee and breakfast concepts, on Wednesday added another one, agreeing to pay $7.5 billion for the bakery/café chain Panera Bread Co.
The investment fund will pay $315 per share, a 30 percent premium over Panera’s 30-day trading average as of March 31, the last day of trading before reports of a Panera acquisition began circulating. JAB will also assume about $340 million in debt.
The purchase price also represen
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Contact: Desiree Torres [email protected]