Longbow Research Downgrades Krispy Kreme (KKD) to Neutral
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JAB Beech to Acquire Krispy Kreme Doughnuts (KKD) for $21/Share; Carries Equity Value of $1.35B
May 9, 2016 8:16 AM EDTKrispy Kreme Doughnuts, Inc. (NYSE: KKD) and JAB Beech Inc., an indirect controlled subsidiary of JAB Holding Company (JAB) in which BDT Capital Partners is a minority investor alongside JAB, announced that the companies have entered into a definitive merger agreement under which JAB Beech will acquire Krispy Kreme for $21 per share in cash, or a total equity value of approximately $1.35 billion. The agreement, which has been unanimously approved by Krispy Kremes Board of Directors, represents a premium of approximately 25% over the Companys closing stock price on May 6, 2016.
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Krispy Kreme Doughnuts (KKD) opening delayed on pending news
May 9, 2016 7:52 AM EDTKrispy Kreme Doughnuts (NYSE: KKD) opening delayed on pending news.
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