JAB Holding Company Increases Economic Exposure in Krispy Kreme
Krispy Kreme, Inc. (DNUT)
Company Research
Source: Business Wire
WASHINGTON--(BUSINESS WIRE)--JAB Holding Company announced today that it has increased its economic exposure in Krispy Kreme by entering into a three-year total return swap agreement with BNP Paribas (“BNP”) for up to 6,500,000 shares of Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) in aggregate. The transaction allows JAB Holding Company to benefit from its strong belief that there is significant long-term value creation to come in Krispy Kreme. JAB Holding Company currently owns approximately 44.77% of the shares outstanding and intends to be an anchor shareholder for many years to come.Under the terms of the agreement, BNP will acquire shares in the open market over the next few months and BNP will be required to pay JAB the difference from any positive stock price performance from the establishment of the swap positions to the termination of the swap, which will take place up to three years from today’s agreement. Conversely, JAB will be obligated to pay
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News
- Krispy Kreme, Inc. to Announce First Quarter 2024 Results on May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- Krispy Kreme, Inc. to Announce First Quarter 2024 Results on May 9, 2024Business Wire
- KRISPY KREME® Giving Guests a Sweet Tax Break on Tax Day, April 15Business Wire
- Take a Bite, Take a Break with KRISPY KREME® and KIT KAT®Business Wire
- Krispy Kreme, Inc. (NASDAQ: DNUT) had its price target raised by analysts at Bank of America Co. from $16.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
DNUT
Earnings
- 2/13/24 - In-Line
DNUT
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- DNUT's page on the SEC website