Caribou deal
December 18, 2012 at 2:24AM
Buyer: An affiliate of Germany's Joh. A. Benckiser GmbH (JAB) agreed to acquire Caribou Coffee Co. Inc.
Price: $340 million, or $16 per share.
Minority investor: BDT Capital Partners, a Chicago-based merchant bank, is a minority investor with JAB.
Management: JAB does not operate companies; it announced plans to maintain the brand, management team and headquarters of Brooklyn Center-based Caribou.
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Retailers like Target and Walmart are cutting prices to the bone and offering package deals as more gatherings are expected this year.
