Seeking Alpha

Shares of Caribou Coffee (CBOU +30%) soar right past $16 which marks the price Joh. A. Bencksier...

Shares of Caribou Coffee (CBOU +30%) soar right past $16 which marks the price Joh. A. Bencksier has on the table for the company. The cheerful rally is an indication that at least a few traders are speculating a higher offer could come down the pike. Though Caribou Coffee is the second largest coffee chain behind Starbucks and could add to its retail footprint, the early read on the deal from Starbucks (SBUX +1.6%) investors leans toward indifference.
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