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PANERA BREAD COMPANY (PNRA) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Panera Bread Company

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Andrews
& Springer LLC
, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of Directors
of Panera Bread Company (NASDAQ:PNRA) ("Panera Bread" or the
"Company") relating to the sale of the Company to affiliates of JAB
Holding Company, a European consumer goods conglomerate ("JAB"). On
April 5, 2017, the two parties announced the signing of a definitive
merger agreement pursuant to which JAB will acquire Panera Bread in a
deal worth $7.5 billion. As a result of the merger, Panera Bread
shareholders are only anticipated to receive $315 per share in cash in
exchange for each share of Panera Bread.

Andrews & Springer's investigation so far has revealed that the
consideration Panera Bread shareholders are expected to receive is
inadequate. While the Company claims that shareholders will receive a
premium for their shares, Panera Bread's stock has already traded above
the $315 per share consideration as recently as April 13, 2017 when the
Company's share price closed at $315.44 per share. Our investigation is
also looking into whether Panera Bread's top executives were conflicted
and acted in their own self-interest when approving the merger thus
making the process and consideration unfair. According to the Company's April
5th announcement
, Panera Bread's senior management will continue
their employment post-merger: "Panera will be privately held and
continue to be operated independently by the Company's management team."

If you own shares of Panera Bread and want to receive additional
information and protect your investments free of charge, please visit us
at http://www.andrewsspringer.com/cases-investigations/panera-bread-class-action-investigation/
or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com,
or call toll free at 1-800-423-6013. You may also follow us on LinkedIn
www.linkedin.com/company/andrews-&-springer-llc,
Twitter – www.twitter.com/AndrewsSpringer
or Facebook - www.facebook.com/AndrewsSpringer
for future updates.

Andrews & Springer is a boutique securities class action law firm
representing shareholders nationwide who are victims of securities
fraud, breaches of fiduciary duty or corporate misconduct. Having
formerly defended some of the largest financial institutions in the
world, our founding members use their valuable knowledge, experience,
and superior skill for the sole purpose of achieving positive results
for investors. These traits are the hallmarks of our
innovative approach
to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
This notice may constitute Attorney Advertising.

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