urbanSTL

https://www.bloomberg.com/news/articles ... g-interest?

Not good.

Post Holdings closing in on Weetabix deal

Weetabix, which is the second-largest cereal maker in the U.K. behind U.S. maker Kellogg's, reportedly could be worth at least 1.5 billion pounds, or $1.9 billion.

http://www.bizjournals.com/stlouis/news ... eport.html

Ebsy wrote: ↑

Apr 03, 2017

https://www.bloomberg.com/news/articles ... g-interest?

Not good.

A deal is very unlikely. I wouldn't dwell on this.

Chalupas54 wrote:

Ebsy wrote: ↑

Apr 03, 2017

https://www.bloomberg.com/news/articles ... g-interest?

Not good.

A deal is very unlikely. I wouldn't dwell on this.

Panera sold.

http://www.cnbc.com/2017/04/05/jab-to-a ... share.html

Nothing like eating my words for breakfast.


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Sheesh, My guess is they'll remain them all to Panera in the near future to cut costs

One positive about the JAB acquisition of Panera is that they still allow each company to operate independently, which likely means that St. Louis will not see many if any job losses.

Panera founder and CEO Ronald Shaich said in a statement that the deal is just the latest step in Panera’s efforts to create the best performing restaurant.

“We believe this transaction with JAB offers the best way to continue to operate with this approach,” Shaich said. “We are pleased to join with JAB, a private investor with an equally long-term perspective, as well as a deep commitment to our strategic plan.”



http://www.stltoday.com/business/local/ ... cb413.html
"JAB has got about 12 people in their holding company. They're long-term private investors, they're not operators. I would say you can expect nothing different"

Sold to a Luxembourg company. With AB, Monsanto, Purina, Panera, Maalinckrodt, & Suddenlink all sold to European companies, could we call St Louis Frankfort on the Mississippi? Surprising we have no flights to Europe for all these guys to check their properties.

And Sigma Aldrich

gary kreie wrote:Sold to a Luxembourg company. With AB, Monsanto, Purina, Panera, Maalinckrodt, & Suddenlink all sold to European companies, could we call St Louis Frankfort on the Mississippi? Surprising we have no flights to Europe for all these guys to check their properties.

Actually a very interesting perspective. I'm sure that's playing into the current negotiations with the airlines. I do know for fact that Lambert is in discussion with both Lufthansa and British Airways.


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I wonder if part of the Panera sale would involve opening up locations overseas?

And isn't there a good number of large private local companies that has to be considered in documenting corporate presence here? Since most lists of companies in an area only involve publicly traded ones which will miss the privately held ones.

Anyone know how many people actually work for Panera locally?

This was kind of an "out of nowhere" deal like Scottrade. I hope it doesn't go like that deal.

DogtownBnR wrote: ↑

Apr 05, 2017

Anyone know how many people actually work for Panera locally?

I believe its just a couple hundred, at least in Sunset Hills. Maybe like 300-400

Bad news for STL losing Panera. Hopefully this is the last big loss at least for this year.

Chalupas54 wrote: ↑

Apr 05, 2017

Nothing like eating my words for breakfast.


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If it helps, I wish you had been right!

So who's next? Energizer, one of the trucking companies?

Aesir wrote:So who's next? Energizer, one of the trucking companies?

I will literally vomit if we start predicting what St Louis companies will leave


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Maybe St.Louis will sell itself to the Russians

"St. Louis isn't alone in losing corporate headquarters":

http://www.stltoday.com/business/column ... 85cfe.html

^This story is so overblown


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Here's some welcome news (which has been percolating for a little while): Post Holdings to Buy Weetabix for $1.76 billion

This should vault Post into the Fortune 500 for the time-being.

wabash wrote: ↑

Apr 18, 2017

Here's some welcome news (which has been percolating for a little while): Post Holdings to Buy Weetabix for $1.76 billion

This should vault Post into the Fortune 500 for the time-being.

Hopefully it will also vault them into a nice office tower downtown.