JAB Beech Completes Acquisition of Krispy Kreme

Winston-Salem / NC. (kkd) Krispy Kreme Doughnuts Inc., and JAB Beech Inc., an indirect controlled subsidiary of JAB Holding Company (JAB), announced the successful completion of the acquisition of Krispy Kreme by JAB Beech. The acquisition was announced in bakenet:eu on May 11, 2016, and the transaction closed and became effective on July 27, 2016, following the vote by shareholders of the Company to approve the deal at a special shareholder meeting earlier in the day. Under the terms of the transaction, Company shareholders will receive 21 USD per share in cash for each share they own. As a result of the completion of the acquisition, Krispy Kreme’s common stock will cease trading as of today on the New York Stock Exchange.