Krispy Kreme to be bought by JAB in $1.35B deal

Krispy Kreme Doughnuts Inc. (NYSE: KKD) yesterday announced it agreed to be acquired by a subsidiary of private investment firm JAB Holding Co. for $1.35 billion.
 
Investors in the Winston-Salem, N.C.-based doughnut company will receive $21 per share in cash, which is nearly 24.5 percent above Friday’s closing price of $16.87.
 
JAB has spent more than $30 billion over the past four years acquiring American and European coffee companies, according to Bloomberg Business.

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