Panera bread dating

For more information, please visit the company's website at: In connection with the proposed merger, Panera and Rye Corp.

Additional Information and Where to Find It This communication relates to the proposed merger involving Panera Bread Company ("Panera") and JAB Holdings B. intend to file relevant materials with the Securities and Exchange Commission (the "SEC"), including Panera's proxy statement on Schedule 14A (the "Proxy Statement").

panera bread dating-47panera bread dating-60panera bread dating-65

Transaction Details The transaction is not subject to a financing condition and is expected to close during the third quarter of 2017, subject to the approval of Panera shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Shaich has entered into a voting agreement whereby he and entities affiliated with him have agreed to vote shares representing approximately 15.5% of the Company's voting power in favor of the transaction.

Following the close of the transaction, Panera will be privately held and continue to be operated independently by the Company's management team.

About JAB JAB Holding Company and JAB Consumer Fund invest in companies with premium brands, attractive growth and strong margin dynamics in the Consumer Goods category.

Both JAB Holding Company and JAB Consumer Fund are overseen by its three Senior Partners, (CEO).

Indeed, Panera has been the best performing restaurant stock of the past twenty years – up over 8,000%.

Today's transaction is a direct reflection of those efforts, and delivers substantial additional value for our shareholders." Shaich continued, "Over the last five years, we have developed and executed a powerful strategic plan to be a better competitive alternative with emerging runways for growth.

About Panera Thirty years ago, at a time when quick service meant low quality, Panera set out to challenge this expectation.

We believed that food that was good and that you could feel good about, served in a warm and welcoming environment by people who cared, could bring out the best in all of us.

/PRNewswire/ -- Panera Bread Company ("Panera" or the "Company") (NASDAQ: PNRA) and JAB today announced that the companies have entered into a definitive merger agreement under which JAB will acquire Panera for in sales, and over 100,000 associates.

Tags: , ,