News

Panera stockholders confirm sale in special meeting

July 11, 2017

Panera stockholders sealed the deal regarding its acquisition by JAB Holdings in a special meeting today, according to a press release.

Following April's announcement that JAB Holdings bought Panera for $7.5 billion, the merger agreement calls for Panera's common stock to be cancelled and converted into $315 per share. The deal will most likely close this month, according to the release. 

While the chain will be privately held, it will continue to be operated independently by the company's management team. Panera first went public in 1991.