JAB Completes Krispy Kreme Acquisition

Krispy Kreme Doughnuts, Inc. KKD and JAB Beech Inc. ("JAB Beech"), an indirect controlled subsidiary of JAB Holding Company, disclosed the successful completion of Krispy Kreme acquisition by JAB Beech.

On May 9, the acquisition was announced and the transaction was closed now and became effective on Wednesday following shareholders vote to approve the deal at a special shareholder meeting held earlier in the day.

Krispy pointed out that under the transaction terms, its shareholders would get $21 a share in cash for each share they own. Following the completion of the acquisition, its shares would cease trading as of Wednesday on the NYSE.

The stock traded $0.02 or 0.07 percent higher at $21.00.