Caribou Coffee Files Shelf Registration on Behalf of Shareholder
November 16 2010 - 4:12PM
Business Wire
Caribou Coffee Company, Inc. (NASDAQ:CBOU), the second largest
company-owned gourmet coffeehouse operator in the United States
based on the number of coffeehouses, today announced that it has
filed a shelf registration statement on Form S-3 with the
Securities and Exchange Commission covering all of the 11,672,245
shares of common stock owned by the Company's largest shareholder,
Caribou Holding Company Limited, an affiliate of Arcapita Bank
B.S.C. (c). The registration statement provides that the
shareholder may sell shares from time to time through underwritten
offerings, in privately negotiated transactions, on the NASDAQ, or
otherwise. Should the shareholder sell any shares of common stock,
the Company will not receive any proceeds from the sale.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful under the securities laws
of any such state or jurisdiction.
ABOUT THE COMPANY
Caribou Coffee Company, Inc., founded in 1992 and headquartered
in Minneapolis, Minnesota, is the second largest company-owned
premium coffeehouse operator in the United States based on the
number of coffeehouses. As of October 3, 2010, Caribou Coffee had
410 company-owned coffeehouses and 129 franchised and licensed
locations. Caribou Coffee offers its customers premium coffee and
hand crafted espresso-based beverages, as well as specialty teas,
baked goods, whole bean coffee, branded merchandise and other
coffee lifestyle items. In addition, Caribou Coffee sells products
to grocery stores, mass merchandisers, club stores, office coffee
and foodservice providers, hotels, entertainment venues and
e-commerce channels. In addition, Caribou Coffee licenses third
parties to use the Caribou Coffee brand on quality food and
merchandise items. Caribou Coffee focuses on delivering a guest
experience with a unique blend of expertise, fun and authentic
human connection in a comfortable and welcoming coffeehouse
environment. For more information, visit the Caribou Coffee web
site at www.cariboucoffee.com
FORWARD-LOOKING STATEMENTS
Certain statements in this release, and other written or oral
statements made by or on behalf of Caribou Coffee are
"forward-looking statements" within the meaning of the federal
securities laws. Statements regarding future events and
developments and our future performance, as well as management's
current expectations, beliefs, plans, estimates or projections
relating to the future, are forward-looking statements within the
meaning of these laws. These forward-looking statements are subject
to a number of risks and uncertainties. Among the important factors
that could cause actual results to differ materially from those
indicated by such forward-looking statements are: fluctuations in
quarterly and annual results, incurrence of net losses, adverse
effects of management focusing on implementation of a growth
strategy, failure to develop and maintain the Caribou Coffee brand
and other factors disclosed in the Company's filings with the
Securities and Exchange Commission. The Company undertakes no
obligation to update any forward-looking statements in order to
reflect events or circumstances that may arise after the date of
this release.
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