Panera Investor Wants Appraisal Of $7.5B JAB Buyout

Law360, Wilmington (August 17, 2017, 4:02 PM EDT) -- A Panera Bread Co. investor asked the Delaware Chancery Court on Wednesday to appraise the fast-casual restaurant’s $7.5 billion buyout by consumer brands-focused investment firm JAB Holdings, after the now-closed deal dodged a flurry of shareholder suits last month.

Panera shareholder SHCP Fair Value Investors I LLC, which owned 35,800 Panera shares, petitioned the court to determine whether or not the $315 per share in cash received by the fast-casual investors is the fair value for the deal.

JAB announced in April that it planned to...
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