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Coffeehouse chain Caribou Coffee sets terms: 5.4 million shares at $13-$15

September 6, 2005

Caribou Coffee, the second largest company-owned gourmet coffeehouse operator in the United States, announced Tuesday morning that it will the offer 5.4 million shares at a range of $13-$15. Assuming the stock prices at the midpoint, the company will have an initial market capitalization of $286 million. Merrill Lynch and Thomas Weisel will be the lead managers on the deal. Timing has yet to be determined.