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MarketFoolery

Panera Goes Private

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 5 April 2017

⏱️ 17 minutes

🧾️ Download transcript

Summary

It’s official, JAB Holding is buying Panera Bread for $7.5 billion. Analyst David Kretzmann discusses the deal, Amazon’s securing of NFL streaming rights, and investing observations from his recent trip to Australia & New Zealand.

Transcript

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0:00.0

It's Wednesday, April 5th.

0:03.3

Welcome to Markin' floor.

0:04.6

I'm Chris Hill joining me in studio.

0:06.8

David Kretsman from Supernova, he's back from his trip.

0:09.6

Welcome back, sir.

0:10.5

Made it back in one piece.

0:11.6

Good to be back.

0:12.3

I had no doubt you would make it back in one piece. Good to be back. I had no doubt you would make it back in one piece. I appreciate that. I want to get to your

0:17.2

trip in a moment because you spend some quality time down under exploring Australia

0:22.1

and New Zealand.

0:23.7

But we got to talk about the story of the day.

0:26.5

News Ferry.

0:27.5

The news Ferry's been good because coming to, I'll be honest, coming into this week and

0:31.3

I was like, I really hope the news fairy shows up because there's not a lot of earnings news this week.

0:37.4

The deal that we discussed yesterday has now been well it hasn't been set in stone.

0:42.7

I guess it'll be all the documents will be signed

0:46.5

in the next couple of months.

0:47.6

Panera Bread is being bought and we now know

0:52.2

it's gonna be bought by JAB holding. It's a 7.5 billion dollar

0:56.5

deal. If you're a Panera bread shareholder, you're having one hell of a good week because a week ago this stock was trading around 250 and the buyout price is going to be $315 a share.

1:10.0

What did you think when you saw this news? I mean, J.A.B. Holding, you look at their portfolio of the

1:16.2

companies that they own, they are very deep into the food space. They've got crispy cream donuts,

...

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