Caribou Coffee - Investors Could Bet On A Revised Higher Offer

Shares of Caribou Coffee (CBOU) rose more than 30% in Monday's trading session. The operator of coffee houses agreed to be taken over by Joh. A. Benckiser for $16 per share.

The Deal

Caribou, which according to its own website is the second largest premium coffeehouse operator of the US, agreed to be taken over by Joh. A. Benckiser.

Caribou has entered into a definitive merger agreement in which the firm will sell itself for $16 per share. The all cash deal values the firm at $340 million. Caribou which was founded in 1992, operates over 601 coffeehouses in total.

Read the entire article on Seekingalpha by clicking the following link