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    Caribou Coffee (CBOU) to be Acquired for Approx. $340M

    December 17 Dec 2012 | 10:14
     

    crwenews

     

     

    http://pennyomega.com/img/cbou.jpg CBOU, Caribou Coffee Company, Inc.

    ** CBOU and the Joh. A. Benckiser Group (JAB) reported a definitive merger agreement under which an affiliate of JAB will acquire CBOU for $16.00 per share in cash, or a total of approximately $340 million.

    The agreement, which has been unanimously approved by CBOU’s independent directors, represents a premium of approximately 30 percent over CBOU’s closing stock price on December 14, 2012, the last trading day prior to the announcement of the transaction.

    http://pennyomega.com/img/cbou_chart.png

    CBOU is the second largest company-operated premium coffeehouse operator in the United States.

    More about CBOU at www.cariboucoffee.com.

     

     

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