JAB snaps up Panera Bread for more than $7 billion

Panera is being acquired by Europe's JAB Holding Co. for more than $7 billion.

JAB is better known for the growing stable of brands it owns or has a big stake in, including Peet's Coffee & Tea, Caribou Coffee Co., Stumptown Coffee and Keurig Green Mountain and Krispy Kreme Doughnuts.  Read more.