Will Starbucks Buy Jamba Juice?
Posted on March 25, 2010Speculation is rampant that Starbucks is going to buy Jamba, Inc., the owner of the Jamba Juice smoothie stores. Jamba's stock rose on the speculation. Bloomberg reports:
The fact that neither company is commenting seems to confirm that something is going on. So they must be talking, at the very least.Jamba rose 20 cents, or 8.5 percent, to $2.55 at 4 p.m. New York time, the biggest increase since Nov. 12. The Emeryville, California-based company has jumped 52 percent this year. The speculation was reported today by Theflyonthewall.com.
Katy Saeger, a Jamba spokeswoman, declined to comment. Deb Trevino, a Starbucks spokeswoman, had no immediate comment.