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UPDATE 1-Panera Bread exploring sale - Bloomberg

(Adds company response, updates share move)

April 3 Panera Bread Co is considering strategic options, including a sale, after receiving takeover interest, Bloomberg reported on Monday.

The bakery cafe operator's shares rose as much as 11.7 percent to a record high of $292.42 in midday trading. The company had a market value of about $6 billion as of March 31.

The company is working with advisers to study the options, Bloomberg reported, citing people familiar with the matter. bloom.bg/2oBLnnV

A Panera spokesman said the company does not comment on rumors or speculation. (Reporting by Subrat Patnaik in Bengaluru; Editing by Sai Sachin Ravikumar)

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