ST. LOUIS, MO, U.S. – Panera Bread Company (“Panera” or the “Company”) and JAB has announced the successful completion of the acquisition of Panera by an investment vehicle of JAB Consumer Fund and JAB Holding Company.
The acquisition was announced on April 5, 2017, and the transaction closed and became effective today.
Under the terms of the transaction, Company shareholders will receive $315 per share in cash for each share they own.
As a result of the completion of the acquisition, Panera’s common stock will ceases trading as of yesterday on the NASDAQ Global Select Market.
The acquisition, which was announced on April 5, adds to JAB’s growing global roster of bakery-cafe chains that also includes Caribou Coffee, Einstein Noah, Espresso House, Krispy Kreme Doughnuts and Peet’s Coffee and Tea.
