date:Dec 27, 2012
te of Benckiser will pay $16 a share, a 30% premium to Caribou's closing price Friday of $12.32 a share. Caribous stock is down slightly from Dec. 14 last year, when it was trading at $13.10 a share.
The stock has struggled to recover since May, when in the space of a few weeks it plunged 38% to roughly $10 a share from more than $16.
That slide came after Caribou lowered its forecast for 2012 sales, citing slower expansion in its single-cup business, which has been buffeted by competition fro