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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.