Join        Login             Stock Quote

Caribou Coffee (CBOU) Agrees To Go Private For $16/Shr

 December 17, 2012 10:32 AM

(By Balachander) Caribou Coffee Company Inc. (NASDAQ: CBOU) agreed to acquired by an affiliate of the Joh. A. Benckiser Group (JAB) for $16.00 per share, or roughly $340 million, in cash.

The deal represents a premium of around 30 percent to CBOU's previous closing price.

JAB - the investment group of Germany's Reimann family - owns interests in cosmetics perfume maker Coty Inc. and household products company Reckitt Benckiser Plc. The investment vehicle agreed to buy Peet's Coffee & Tea for about $974 million earlier this year.

Based on the number of coffeehouses, Caribou is the second largest company-operated premium coffeehouse operator in the United States.

As of September 30, 2012, the company had 610 coffeehouses, including 202 franchised locations, in 22 states, the District of Columbia and ten international markets.

CBOU shares, which have been trading in the 52-week range of $9.93 to $18.84, traded 30 percent higher at $16.01 on Monday.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.