Speculation 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:
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.
The fact that neither company is commenting seems to confirm that something is going on. So they must be talking, at the very least.