Caribou Coffee Company Inc said it will be acquired by an affiliate of the Joh. A. Benckiser Group (JAB) for about $340 million in cash. JAB, the investment vehicle of Germany's Reimann family, will pay $16.00 per Caribou share, a premium of about 30 percent to the stock's closing price on Friday.
Caribou Coffee Company, Inc. (Caribou) is engaged in operating coffeehouses in the United States. Shares of CBOU traded higher by 2.24% or $0.27/share to $12.32. In the past year, the shares have traded as low as $9.93 and as high as $18.84. On average, 239039 shares of CBOU exchange hands on a given day and today's volume is recorded at 125066.
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