Caribou Coffee, the nation’s second-largest coffeehouse chain, will go private in a $340 million acquisition by international holding company Joh. A. Benckiser Group, the companies announced Monday. An affiliate of Joh. A. Benckiser will pay $16 per share for all outstanding shares of Caribou Coffee’s common stock, which represents approximately a 30-percent premium over the $12.32 closing share price from Friday. Caribou operates 408 coffeehouses and franchises another ...
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Contact: Desiree Torres Desiree.Torres@penton.com