JAB, the parent company of Keurig Green Mountain, has further expanded its reach into the casual restaurant segment with the acquisition of Panera Bread.
The deal is valued at approximately $7.5 billion, or $315 per share in cash, and includes the assumption of some $340 million in debt. The deal represents a premium of approximately 30% of Panera’s 30-day average stock price as of March 31.
In December of 2015, JAB announced the acquisition of Keurig in a deal valued at about $13.9 billion.
In addition to Keurig, JAB owns several coffee-related companies including Jacobs Douwe Egberts (JDE), Espresso House and Peet’s Coffee & Tea. Casual eateries in the company’s portfolio include Einstein Noah Restaurant Group and Krispy Kreme Doughnuts.