(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