Germany's JAB to take Krispy Kreme private for $1.35 billion

May 9, 2016 4:35 PM

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Germany's JAB to take Krispy Kreme private for $1.35 billion

Krispy Kreme Doughnuts Inc (KKD.N) agreed to be taken private by JAB Holding Co for about $1.35 billion as Germany's Reimann family continues to build up its global coffee empire.

JAB, making its second big U.S. acquisition in just over two months, has ambitions to build a global coffee powerhouse to rival market leader Nestle SA NESN.VX.

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