Deals
Panera Is Exploring Possible Sale After Receiving Interest
- JAB, Starbucks, Domino’s said to be possible Panera suitors
- Stock rose 28% in past year as Panera expands in fast casual
Panera Said to Explore Sale Amid Takeover Interest
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Panera Bread Co. is exploring strategic options including a possible sale after receiving takeover interest, people with knowledge of the matter said.
The bakery chain, which has a market value of about $6.5 billion, is working with advisers to study the options, said the people, who asked not to be named discussing the private process. Potential suitors could include JAB Holding Co., Starbucks Corp. and Domino’s Pizza Inc., one of the people said.