Panera Bread's stock soars to record high after report of buyout interest

MARKETWATCH | on Mon, Apr 3, 12:14 PM

Shares of Panera Bread Co. PNRA, +7.93%[1] soared to a record high in midday trade Monday, after Bloomberg reported that the fast-casual restaurant chain was exploring a possible sale. The stock was trading up about 1.2% just before noon ET, then shot up as much as 12% in intraday trade, before paring some gains to trade up 10%. Panera is working with advisers to study its options after receiving takeover interest, Bloomberg reported, citing people with knowledge of the matter. The company's ...

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