Panera's Raises Debt To Fund A Buyback Featuring Stan Druck

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, growth is naturally slowing. Its dual class structure has dissuaded most activists,…