March 3, 2016
TAGS: JAB Holding Co., Keurig investor group, Keurig acquisition,, Keurig Green Mountain Inc., Keurig stockholders, single-cup coffee news, coffee news, Jacobs Douwe Egberts, Peet's Coffee & Tea, Caribou Coffee Co. |
WATERBURY, VT --A JAB Holding Co.-led investor group has completed its acquisition of Keurig Green Mountain Inc. for $13.9 billion in cash. The acquisition, announced in December, closed on Mar. 3.
Keurig is now privately owned and independently operated following the buyout; its common stock has ceased trading on the Nasdaq.
Under the terms of the transaction, Keurig stockholders will receive $92 per share in cash for each share they own.
JAB Holding Co.'s portfolio includes a controlling stake in multinational coffee company Jacobs Douwe Egberts, Peet's Coffee & Tea and Caribou Coffee Co.
SEE ALSO:
Keurig To Be Acquired By Investor Group For $13.9 Billion
Starbucks Might Sever Ties With Keurig, But Remains Committed To K-Cup Market