Panera's Raises Debt To Fund A Buyback Featuring Stan DruckGuest Post
Panera’s Raises Debt To Fund A Buyback Feat. Stan Druck by Activist Stocks
This is a little about Panera and a little about the current state of debt and buybacks. As you’ll recall, Luxor Capital gave Panera a call a couple weeks ago and convinced the company to raise debt to fund a buyback.
Panera was a primary activist target in the fast casual space, if only because it had a down year in 2014 -- its first down year since 2007. And inching closer to 2,000 stores . . .
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