What will 3G Capital do?

|By:, SA News Editor

CNBC is reporting that there is no truth to the reports that 3G Capital is interested in making an offer for Panera Bread (PNRA +0.1%).

The 3G shadow hangs over a number of food sector companies -- including Mondelez International (MDLZ -0.5%), Coca-Cola (KO -0.1%) and General Mills (GIS -0.4%) -- with another mega-deal seen coming down the road. The rich premium on Panera would have quashed some of that 3G speculation regarding major food players.

Previously: 3G eyes rival offer for Panera Bread (April 11)