Keurig is getting bought for $92 per share
Keurig Green Mountain, which makes the Keurig coffee brewers and K-cups, is being acquired by JAB Group for $92 per share.
This deal values the company at $13.9 billion.
Shares of Keurig closed Friday at $51.70 per share, making this acquisition price a 77% premium over that level.
According to a release, JAB is acquiring Keurig in partnership with strategic minority investors who are already shareholders in Jacobs Douwe Egberts B.V., including Mondelēz International and entities affiliated with BDT Capital Partners.
More to come ...
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