Einstein Noah Restaurant Group Enters Agreement To Be Acquired by JAB Holding Company

September 29, 2014 11:06 AM | 26 seconds read | Make a Comment
Loading...
Loading...

On Monday, Einstein Noah Restaurant Group, Inc. BAGL announced that an affiliate of JAB will acquire Einstein Noah Restaurant Group for $20.25 per share in cash; which values the company at $374 million.

Einstein Noah Restaurant Group will continue to operate as a standalone business within the JAB portfolio.

Michael Tattersfield CEO of Caribou Coffee, will serve as Chairman of the Board.

Following the resumption of trade shares of Einstein Noah Restaurant Group opened up over 50 percent.

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: NewsM&AMichael Tattersfield
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!