Wednesday, April 5, 2017

Panera to Be Sold for $7.5 Billion, Including Debt

A billionaire European family agreed on Wednesday to add the Panera restaurant chain to its growing empire of American coffee and food favorites for $7.5 billion, including debt.

JAB Holding Company, the investment arm of the Reimanns of Germany, who are heirs to the consumer goods company Joh. A. Benckiser, said the transaction would be carried out through an investment vehicle known as JAB BV.

The deal follows a string of acquisitions by JAB in recent years, including the parent company of Einstein Brothers Bagels, Peet’s Coffee & Tea, Stumptown Coffee Roasters and Caribou Coffee.. . . more

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