Emma Asma Cornwall
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Krispy Kreme Doughnuts gets a takeover offer, shares jump

Krispy Kreme Doughnuts receives a takeover offer from JAB Holding. JAB also owns the Peet's and Keurig Green Mountain brands.The total value of the deal is said to be $1.35B. The transaction is expected to close in Q3.

The firm, JAB Holding Co., will pay Krispy Kreme investors $21 a share in cash, the Winston-Salem, North Carolina-based company said in a statement Monday. That represents a 25 percent premium over the stock’s closing price on Friday. The deal brings a sweet edge to JAB’s sprawling coffee enterprise. Krispy Kreme gained fame with its yeast-raised, glazed doughnuts, and only made a major push into java in recent years as its pastries fell out of favor. Closely held JAB has spent more than $30 billion in the past four years acquiring coffee companies in the U.S. and Europe to challenge global leader Nestle SA, according to Bloomberg.

Krispy shares skyrocketed 24% on today's trading...