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Krispy Kreme Doughnuts (NYSE:KKD): Closing Price $10.92
Krispy Kreme Doughnuts and Jamba (NASDAQ:JMBA) could be the next takeover targets among restaurants and coffee companies, according to Bloomberg. Last year, purchases of American restaurant, tea and coffee companies hit $6.1 billion, marking the highest level since 2008. Deals are increasing as sales growth at coffee and snack shops are predicted to surpass fast- food chains through 2017, say data from IBISWorld. Shares closed down 2.06 percent on the day at $10.92, having been traded in a 52-week range of $5.86 to $11.18.
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