The cafe and bakery chain Panera Bread Co. has received takeover interest and is considering selling itself, Bloomberg's Ed Hammond reports.
The stock jumped more than 7% on the news.
Panera's market cap was about $6 billion before the news broke.
The news follows a recent uptick in retail merger and acquisition activity.
Burger King-owner Restaurant Brands International recently announced it was buying Popeyes for about $2 billion, while Kraft-Heinz recently made and then withdrew a bid for Unilever.
More to come...
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April 03, 2017 at 09:08PM
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