date:Dec 25, 2012
Minneapolis-based Caribou Coffee announced a definitive merger agreement under which an affiliate of Joh. A. Benckiser Group (JAB), Ludwigshafen, Germany, will acquire Caribou Coffee for $16 per share in cash, or a total of approximately $340 million.
The agreement, which was unanimously approved by Caribou Coffees independent directors, represents a premium of approximately 30 percent over Caribou Coffees closing stock price Dec. 14, the last trading day prior to the announcement of the tr