Sonntag, 25. Februar 2024
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Global Industry: Germany's Reimann family to acquire Einstein Noah

Hamburg. (bm) Einstein Noah Restaurant Group, a leader in the quick-casual segment of the restaurant industry in the United States – operating under the Einstein Bros. Bagels, Noah´s New York Bagels and Manhattan Bagel brands – announced a definitive agreement under which an affiliate of Joh. A. Benckiser Group (JAB) will acquire Einstein Noah Restaurant Group for 20.25 USD per share in cash, or a total diluted equity value of approximately 374 million USD. The agreement, which has been unanimously approved by Einstein Noah Restaurant Group´s directors, represents a premium of approximately 47 percent over Einstein Noah Restaurant Group´s 30-day average trading price. JAB is a German holding company, the investment vehicle for Germany’s Reimann family. Other topics of the week:

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