Krispy Kreme Owner Buys Panera Bread for $7.5 Billion

The investment firm that owns Krispy Kreme doughnuts and Keurig Green  Mountain coffee will be expanding its portfolio to include St.  Louis-based Panera Bread Co. JAB Holdings Inc. announced on Wednesday  that it had acquired Panera for a deal valued at roughly $7.5 billion.  

The deal includes an assumption of about $340 million in debt. Few  details have been given about what this means for the future of Panera,  which operates more than 2,000 locations across the U.S. "We strongly  support Panera's vision for the future," JAB CEO Olivier Goudet said in a  statement. "We are excited to invest in and work together with the  company's management team and franchisees to continue to lead the  industry."

Source:  STL Today.com

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