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Panera’s Stock Price Soars As Rumors Of A Sale Swirl

April 4, 2017: 12:00 AM EST
After receiving “takeover interest,” $6.5 billion Panera Bread is purportedly consulting with business advisors about the possibility of putting itself up for sale. Likely suitors include Starbucks, Domino’s, and JAB Holding, owner of a variety of brands such as Krispy Creme doughnuts and Keurig Green Mountain coffee. Panera’s stock has risen 28 percent over the past year, reaching an all-time high of $261.87 through the end of March. The stock bounded to $282.45 on April 4 when word of a possible sale leaked. None of the potential suitors commented publicly on the news.[ Image credit: © Miosotis Jade  ]
Ed Hammond, "Panera is Exploring Possible Sale after Receiving Interest", Bloomberg Markets, April 04, 2017, © Bloomberg L.P.
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