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Netherlands: Shares rise on news of $9.7B coffee co buyout

By  |  March 28, 2013

The spin-off coffee and tea company of Sara Lee Corp. has announced it is currently in negotiation talks to be bought out by investment firm JAB for $9.7 billion. DE Master Blenders, based in Amsterdam, made the announcement on Thursday as shares for the company shot up in the wake of the news. JAB had previously upped its ownership in Master Blenders to more than 15 percent last October. The deal would mark yet another addition to JAB’s coffee endeavors following its acquisition of Peet’s Coffee and Tea Inc. for $1 billion as well as the Caribou Coffee Co. for $340 million, both of which occurred last year.

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