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Panera Brands is reportedly exploring a sale of Caribou Coffee and Einstein Bros. Bagels, according to Reuters. The deal could be valued at more than $1.5 billion.

Reuters said Bank of America is running the sales process and that restaurant operators and private equity firms have shown interest in acquiring the chains. The transaction would also include Bruegger’s Bagels, Noah’s New York Bagels, and Manhattan Bagel. According to the publication, Panera wants a valuation 10 times its EBITDA of $150 million in 2024.