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Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

April 6, 2017 Bisnow

European Fund To Buy Panera Bread

For $7.16B, Plans To Take The Chain Private

European Investment Fund JAB Holding Co. has agreed to acquire Panera Bread Co. for $7.16B. The fund paid a 20% premium on the fast-casual chain's March 31 closing price that amounts to $315/share. JAB, which plans to take Panera private, will also assume the company's $340M in debt.

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