Panera Bread exploring possible sale


April 3 (Reuters) - Panera Bread Co is considering strategic options, including a possible sale, after receiving takeover interest, Bloomberg reported on Monday.

The bakery cafe operator is working with advisers to study the options, Bloomberg reported, citing people familiar with the matter.

The company's shares rose as much as 10.7 percent to a record high of $290 in midday trading.

Panera Bread, which has a market value of about $6 billion, could not immediately be reached for comment. (Reporting by Subrat Patnaik in Bengaluru; Editing by Sai Sachin Ravikumar)

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.