Shares of the restaurant chain, Panera Bread Company
JAB Holdings is the owner of Caribou coffee and Krispy Kreme Doughnuts and has been looking for ways to expand its coffee and breakfast offering. The company has been building their portfolio in this space for a while. Their most recent purchase was that of the K-Cup coffee maker, Keurig Green Mountain
As for this purchase it seems to be a great fit. JAB will now be the owner of around 2000 Panera stores in the United States. The holding company stated that they were especially impressed with the recent efforts to improve the customer loyalty program as well as the new kiosks that allow customers to reduce their waiting times. Just last week the company also expanded its delivery option as well. Also the company has been performing quite well. Panera has reported better than expected earnings per share for the last six quarters in a row. Store growth has also been steadily out performing.
As long as the transaction goes through it will be the second largest restaurant deal ever, second only to Burger King's