by: Elizabeth Balboa, Benzinga Staff Writer
“We have consistently said that we believe that the pizza industry has a lot of room for growth and that we are committed to remaining a single-brand pizza company,” a Domino’s spokesperson said. “We are not having any conversations regarding the purchase of Panera.”
Bloomberg reported Monday that Panera consulted advisers regarding “strategic options,” which traders interpreted as an impending sale. Bloomberg then suggested Domino’s as a potential suitor along with Starbucks Corporation SBUX and JAB Holdings Company.
Panera shares were briefly halted Monday amid volatility, and the stock was trading up 7.2 percent at the time of publication. Domino’s shares were up 1.2 percent.
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