Is Panera Bread a publicly traded company?
Shares of Panera Bread will be traded on the New York Stock Exchange. Founded by Caribou Coffee and Einstein Bros., a sandwich chain whose products include coffees and bagels. In addition to his position on Panera’s board, Meyer will serve as the lead independent director.
Is Panera going public again?
Panera has been private since JAB Holding bought it for $7.5 billion in 2017. Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Panera Bread is going public again. The parent company of the sandwich chain, Caribou Coffee and Einstein Bros. Bagels said Tuesday it is planning to file for an initial public offering.
Is Danny Meyer investing in Panera brands?
Panera Brands also announced it has secured an investment from Danny Meyer’s special purpose acquisition company, USHG Acquisition Corp. Shares of the SPAC climbed 8% in morning trading on the news. Meyer said he plans to invest in Panera Brands once it’s public personally and through his SPAC.
What happened to Panera Bread?
According to a statement released Tuesday, Panera Bread has agreed to be acquired from the special purpose acquisition company USHG Acquisition (HUGS) and are set to go public next week. A fresh start for the fast-casual restaurant chain after a four-year gap is about to take place. What Happened Pnra Stock?
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Is Panera on the stock exchange?
Panera Bread announces SPAC investment, will return to the public markets through an IPO.
Is Panera Bread going public?
Nov 9 (Reuters) - Panera Bread plans to return to public markets through a U.S. initial public offering backed by Shake Shack (SHAK. N) founder Danny Meyer's blank-check company, the latest in a flurry of restaurant listings this year as dining out returns.
What is the price of Panera stock?
Panera Bread Company stock price live 314.93, this page displays NASDAQ (PNRA) stock exchange data.
Who bought Panera?
JABbrand. Panera, with its focus on clean, sustainable ingredients, has been a fast-casual market leader. The chain was acquired by JAB in 2017 in a $7.5 billion deal.
What is Panera stock symbol?
Panera Bread trades on the NASDAQ under the ticker symbol "PNRA."
What is a SPAC stock?
Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock. SPACs are also known as blank check companies.
Is Panera privately owned?
Panera Brands, a privately held company that includes the Panera Bread, Caribou Coffee and Einstein Bros. Bagels brands, said Tuesday it plans to file for an initial public offering with federal regulators.
Are Panera and Starbucks owned by the same company?
Owner of coffee and bagel chains buys Panera, adding to food challenge for Starbucks. For Starbucks, which wants to sell more food, the $7.2 billion acquisition of bakery-cafe chain Panera Bread by the company that runs Peet's Coffee, Einstein Bros.
What happened to Panera?
Panera Bread CEO and founder Ron Shaich says the decision to sell the bakery cafe to German conglomerate JAB for $7.5 billion is “bittersweet.” “I wasn't really looking for this in any way,” Shaich told Fortune in an interview following the announcement. “To be honest, we have been hugely successful.”
Does Krispy Kreme own Panera?
JAB Holding, the investment arm of the secretive Reimann family, acquired Krispy Kreme for roughly $1.35 billion in 2016. Since then, JAB has acquired brands including Panera, Au Bon Pain, and Pret a Manger.
Who are Panera Bread's key executives?
Panera Bread's management team includes the following people: Blaine E. Hurst , President (Age 60) Michael J. Bufano , Senior Vice President, C...
Who are some of Panera Bread's key competitors?
Some companies that are related to Panera Bread include McDonald's (MCD) , Starbucks (SBUX) , Chipotle Mexican Grill (CMG) , Yum! Brands (YUM)...
What other stocks do shareholders of Panera Bread own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Panera Bread investors own include Wolverine World Wide (W...
What is Panera Bread's stock symbol?
Panera Bread trades on the NASDAQ under the ticker symbol "PNRA."
What is Panera Bread's stock price today?
One share of PNRA stock can currently be purchased for approximately $314.93.
What is Panera Bread's official website?
The official website for Panera Bread is www.panerabread.com .
How can I contact Panera Bread?
Panera Bread's mailing address is 3630 S Geyer Rd Ste 100, ST. LOUIS, MO 63127-1234, United States . The company can be reached via phone at +1-3...
Panera Bread is going public via an IPO with SPAC investment
Millionaire restaurateur Danny Meyer's blank-check company is helping take Panera Bread public in an unusual SPAC maneuver. The parent company Panera Brands (owner of Panera Bread, Caribou Coffee, and Einstein Bros. Bagels) will proceed with a traditional IPO while Meyer's SPAC backs it.
Will Panera's IPO tactic work?
Panera is pursuing an unusual route to the public market. It's reminiscent of Bill Ackman's Pershing Square Tontine Holdings SPAC, which Ackman dissolved after the SEC denied its partial acquisition of Universal Music Group. SPAC investors who entered into the position before the merger was finalized lost out on millions.
Panera adds to slew of restaurant IPOs
Panera isn't the only restaurant chain going public as of late. Recently, Krispy Kreme (NASDAQ:DNUT) returned to the public market with a new leadership lineup and a trendy ticker. Coffee dealer Dutch Bros (NYSE:BROS) also went public, as did First Watch Restaurant Group and Portillo's.
When will Panera stock be available?
Panera hasn't divulged concrete plans for its public debut yet. This includes the price per share, number of shares, and date the company plans to complete its SPAC merger and hit the stock market.
How to buy Panera Bread stock
If or when it does go public, Panera stock will have its own ticker on the public market. The company's former stock symbol was "PNRA," and the company could retain its old ticker or start fresh with a brand new set of letters.
