Einstein Noah Restaurant Group, Inc. Enters Agreement To Be Acquired by JAB Holding Company

Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL) announced that an affiliate of JAB will acquire Einstein Noah Restaurant Group for $20.25 per share in cash, which values the company at $374 million.

Einstein Noah Restaurant Group will continue to operate as a standalone business within the JAB portfolio.

Michael Tattersfield, CEO of Caribou Coffee, will serve as chairman of the board.

Following the resumption of trade, shares of Einstein Noah Restaurant Group opened up over 50 percent, last trading at $50.41.