Panera Bread (PNRA) slips in after hours trading following Starbucks' (SBUX) announcement that...
Monday, June 4, 2012, 7:40 PM ETPanera Bread (PNRA) slips in after hours trading following Starbucks' (SBUX) announcement that it was picking up La Boulange parent company Bay Bread. Although SBUX didn't specifically say it was making a run at PNRA, the writing is definitely on the wall. Panera has been at the top of this sector for a long time now, and a cut of its market would be a tasty target for a heavyweight competitor the likes of Starbucks. PNRA -1.6%, SBUX -2.4% AH.