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Prospect News home > News index > List of issuers P > Headlines for Panera Bread Co. > News item
Published on 11/10/2008 in the Prospect News Special Situations Daily.

BlackRock slashes stake to 6.45% in Panera Bread

By E. Janene Geiss

Philadelphia, Nov. 10 - BlackRock Inc. decreased its investment to 6.45% in Panera Bread Co. as of Oct. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.

The reduced holdings represent a passive stake of 1,887,140 shares.

Those holdings are down from the passive stake of 14.99%, or 4,628,789 shares, that BlackRock reported on Dec. 31, 2007, according to a previous SC 13G/A filing.

On Dec. 31, 2006, BlackRock reported an 8.28% passive stake, representing 2,503,100 shares, according to an SC 13G filing.

Panera Bread, based in Richmond Heights, Mo., franchises bakery-cafes.


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