Buffet-Backed 3G Capital Said to Weigh Rival Bid for Panera Bread (PNRA) - NYP

Brazilian private equity firm 3G Capital, a private equity firm backed by Warren Buffet, is weighing a rival bid for Panera Bread (NASDAQ: PNRA), according to the New York Post, citing sources. 3G is said to be working with Lazard to study making an offer for Panera.

Panera and JAB recently entered into a definitive merger agreement under which JAB will acquire Panera for $315 per share in cash.

You May Also Be Interested In

• Accenture Federal Services (ACN) to Acquire Cognosante
• Salesforce (CRM) is in advanced talks to acquire Informatica (INFA) - WSJ
• Rexford Industrial Realty (REXR) PT Lowered to $53 at Truist Securities