Bloomberg is reporting that ‘people with knowledge of the matter’ are spreading illegal rumors that PNRA is for sale. This is typical Wall Street bullshit, which doesn’t serve the public’S interest. Either someone is profiting from the press release or a potential acquirer wants this info out to apply pressure on $PNRA.
Panera Bread Co. is exploring strategic options including a possible sale after receiving takeover interest, people with knowledge of the matter said, Bloomberg News reports.
Shares are spiking to new highs, which is having a halo effect on $CMG, which has been outperforming as of late.
Boiler-room sales pitch.
news is out they (JAB) are paying a ton for PNRA