Jamba (JMBA) to Be Acquired by Focus Brands for $13/Share

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Focus Brands and Jamba Juice Announce Definitive Merger Agreement

August 2, 2018 9:15 AM EDT

ATLANTA & FRISCO, Texas--(BUSINESS WIRE)-- Focus Brands Inc. (FBI) and Jamba, Inc. (Nasdaq: JMBA) (Jamba) today announced that the companies have entered into a definitive merger agreement under which FBI will acquire Jamba for $13.00 per share in cash, in a transaction valued at approximately $200 million.

Statement by Steve DeSutter, Chief Executive Officer of Focus Brands Inc."Benefiting from an extremely loyal customer base and strong franchise operators, Jamba Juice is one of the category leaders in the fast growing smoothie and juice category, said Steve DeSutter, CEO of Focus Brands Inc. We are... More