Posted on 05/09/2016 12:44:16 PM PDT by Cecily
he investment firm for Austria’s billionaire Reimann family agreed to buy Winston-Salem-based Krispy Kreme Doughnuts Inc. for about $1.35 billion, adding the doughnut chain to a coffee empire that already includes Keurig Green Mountain and Peet’s Coffee & Tea.
The firm, JAB Holding Co., will pay Krispy Kreme investors $21 a share in cash, the company said in a statement Monday. That represents a 25 percent premium over the stock’s closing price on Friday.
The deal brings a sweet edge to JAB’s sprawling coffee enterprise. Krispy Kreme gained fame with its yeast-raised, glazed doughnuts, and only made a major push into java in recent years as its pastries fell out of favor. Closely held JAB has spent more than $30 billion in the past four years acquiring coffee companies in the U.S. and Europe to challenge global leader Nestle SA.
(Excerpt) Read more at charlotteobserver.com ...
Not with anyone I know, including yours truly.
They are going to take on Dunkin Donuts would by my guess.
Gee, you sell yourself for $100 and it’s prostitution.
You sell yourself for over a billion and it’s high finance.
I hope Police Unions across the country invest heavily.
Went to DD this spring and it was a wonderful experience.
krispy kreme - the starbucks of donuts. too much sugar, not enough donut. gimicks for the gullible
When I read the title I thought the Governor had made a decision.
Investing in breakfast restaurants is all the rage now. I suppose because the ingredients cost basically nothing, shorter hours of operation, etc.
not even a close analogy
Their donuts have gotten smaller while the price has gone up.
I’m not paying $.99 for three bites.
I’m lucky that we have a local bakery supply my nearest convenience store. Twice the size, fresher and much tastier than KK.
I never cared for their donuts ... just way too sweet.
And I really like breakfast pastries.
Or so the Reimanns' hypothesize.
Krispy Kreme are the best doughnuts in the world! Don’t change a thing!
The coffee is the only thing of value. However, the coffee sucks too!
LOL
There is that whole donut is the same topologically as a coffee cup thing about this deal...
Yet another US company bought by foreign investors.
Let’s see: Company A creates a mound of debt in order to buy struggling Company B. Company B has to raise prices to pay off debt. Company B loses customers. Company B goes into bankruptcy.
I never liked Krispy Kreme donuts.
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