Joh. A. Benckiser Inks $340M Deal For Caribou Coffee

Law360, New York (December 17, 2012, 6:14 PM EST) -- German conglomerate Joh. A. Benckiser GmbH on Monday continued its push to break into the U.S. specialty drink market, unveiling plans to pay $340 million for Caribou Coffee Co. Inc., the nation’s second-largest premium coffee chain.

Under the deal’s terms, JAB will fork over $16 for each Caribou share, a 30 percent premium over Friday’s close. The Minneapolis-based company would keep its headquarters, management team and brand in the transaction, which has the blessing of Caribou’s board.

JAB did not spell out its financing plans but...
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