Keurig Parent Acquires Panera Bread

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.