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Panera Bread to Be Acquired by JAB

  

Apr 19, 2017

    

Confirming market speculation during the past week, JAB Holdings has made an offer for Panera Bread valued at $315 per share to be paid in cash representing a 20 percent premium over the closing price on May 31st.  The value of the transaction is estimated to be $7.5 billion.

JAB is an investment vehicle of the Reimann Family of Germany and is based in Luxembourg.

  

JAB owns Caribou Coffee, Krispy Kreme Doughnuts, Keurig Green Mountain and Peet’s Coffee and Tea. JAB is effectively the largest distributor of coffee worldwide though the Jacobs Douwe Egberts investment.

Panera Bread operates 2,000 bakery cafes in the U.S. and it is a favorite of millennials.

Founder and current CEO Ron Shaich has been prominent in promoting welfare and Panera Bread has always been at the forefront of innovations including cage-free housing, slow-growing broilers and most recently a commitment to antibiotic-free production.

It remains to be seen whether the philosophy of the founder will continue under new ownership which is heavily motivated by return on investment.

  
  
 








 
 
Copyright 2017 Simon M. Shane