Krispy Kreme gobbled up for $1.35 billion

Posted by | May 11, 2016 06:49 | Filed under: Economy

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That’s a lot of donuts.

The doughnut chain Krispy Kreme reached a $1.35 billion deal Monday to be acquired by JAB Holding, a private German investment firm that just recently agreed to buy Keurig Green Mountain. JAB is gobbling up Krispy Kreme for $21 a share in cash, or roughly 25% more than the doughnut chain’s closing price on Friday. JAB also owns coffee brands Peets and Douwe Egberts, as well as the luxury shoe firm Jimmy Choo and beauty firm Coty. Krispy Kreme has more than 1,100 shops in more than 26 countries.

 

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

2 responses to Krispy Kreme gobbled up for $1.35 billion

  1. DogsRgoodpeople May 11th, 2016 at 09:20

    fat pills. good ones though.

  2. oldfart May 11th, 2016 at 12:11

    MMMMM, doughnuts.

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