(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)
By Jennifer Saba
NEW YORK, March 26 (Reuters Breakingviews) - Krispy Kreme will sell donuts at McDonald’s, sending shares in the pastry maker up 25%. That cuts costs to build stores, akin to synergies, while the $200 bln burger chain takes on little risk. In a world with high rates and harsh trustbusters, it’s a smart twist on dealmaking.
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CONTEXT NEWS
McDonald’s and Krispy Kreme on March 26 announced a partnership where the burger chain will sell donuts at its U.S. based restaurants.
Krispy Kreme will deliver three kinds of pastries to McDonald’s stores daily. Shares of Krispy Kreme rose 25% in morning trade.
(Editing by Lauren Silva Laughlin and Sharon Lam)
((For previous columns by the author, Reuters customers can click on jennifer.saba@thomsonreuters.com; Reuters Messaging: jennifer.saba.thomsonreuters.com@reuters.net))
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