Domino’s Not Interested In Panera

Domino’s Not Interested In Panera

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by: Elizabeth Balboa, Benzinga Staff Writer

 

Following rumors of possible talk to acquire Panera Bread Co PNRADomino’s Pizza, Inc. DPZ told Benzinga the company has no interest in a potential sale.

“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.

 

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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