Following rumors of possible talk to acquire Panera Bread Co (NASDAQ: PNRA), Domino’s Pizza, Inc. (NYSE: 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 (NASDAQ: 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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