The German possessor of Keurig coffee wants to take doughnut chain Krispy Kreme reserved in a deal worth $1.35 billion US.
JAB Holding Co. said Monday it want y $21 for each share of Krispy Kreme Doughnuts Inc. That’s concerning a 25 per cent premium to the Winston-Salem, North Carolina-based com ny’s Friday shut off price of $16.86.
Krispy Kreme has more than 1,100 shops in numberless than 26 countries, including a handful in Canada.
German conglomerate JAB has beefed up its holdings in new years and now owns recognizable brands like French cosmetics maker Coty, and extra shoe and ap rel line Jimmy Choo.
As it does with numerous of its acquisitions, JAB says Krispy Kreme will continue to be independently control from its current headquarters.
Krispy Kreme’s board unanimously approved the negotiation, which is targeted to close in the third quarter.
The com ny said that it wishes postpone its annual shareholders meeting, which was originally set for June 14.
Its allotments climbed almost $4 or about 25 per cent to $20.83 on the New York Standard Exchange on Monday morning.