Shareholders of Krispy Kreme Doughnuts got an extra-sweet treat when the company said it was being acquired by JAB Holdings, the Netherlands-based investment fund owned by Europe's billionaire Reimann family.

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Shareholders of Krispy Kreme Doughnuts got an extra-sweet treat when the company said it was being acquired by JAB Holdings, the Netherlands-based investment fund owned by Europe's billionaire Reimann family. The purchase price of $21 a share, or $1.35 billion, reflected a 25% premium over the previous day's closing price of $16.86. Shares traded for more than $25 in 2013. Rival Dunkin' Donuts derives more than half of its revenue from coffee, while sales of doughnuts drive most retail transactions at Krispy Kreme. The company has been trying to brew up a stronger coffee business,...

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