Krispy Kreme is being taken private by a unit of private equity firm JAB Holding Co. for $1.35 billion, the companies said on Monday.
Under the terms of the deal, JAB will pay $21 per share in cash for the donut chain, which represents a 25% premium over the stock’s closing price on Friday.
For JAB, the Krispy Kreme buy comes months after its $13.9 billion acquisition of Keurig Green Mountain. The European private equity conglomerate also has controlling stakes in coffee chains like Peet’s Coffee & Tea, Caribou Coffee , Espresso House and Jacobs Douwe Egberts and bagel shop Einstein Noah Restaurant Group.
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