Jefferies Downgrades Caribou Coffee (CBOU) to Hold
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Caribou (CBOU) Gets Takeover Offer for $16/Share from Joh. A. Benckiser Group
December 17, 2012 9:01 AM ESTCaribou Coffee Company, Inc. (NASDAQ: CBOU) and the Joh. A. Benckiser Group (JAB) announced a definitive merger agreement under which an affiliate of JAB will acquire Caribou for $16.00 per share in cash, or a total of approximately $340 million. The agreement, which has been unanimously approved by Caribous independent directors, represents a premium of approximately 30 percent over Caribous closing stock price on December 14, 2012, the last trading day prior to the announcement of the... More
