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Keurig Dr Pepper Declares Offer for JDE Peet's Unconditional
96.22% of all Shares tenderedSettlement Date will be 1 April 2026This is a joint press release by Keurig Dr Pepper Inc., Kodiak BidCo B.V. and JDE Peet's N.V.
About this update from Keurig Dr Pepper Inc.
[{"type":"text","content":"96.22% of all Shares tenderedSettlement Date will be 1 April 2026This is a joint press release by Keurig Dr Pepper Inc., Kodiak BidCo B.V. and JDE Peet's N.V. pursuant to the provisions of Section 16, paragraph 1 and 2, Section 17, paragraph 1 and Section 4, paragraph 3 of the Dutch Decree on public takeover bids (Besluit openbare biedingen Wft) (the \"Decree\") in connection with the recommended public cash offer by Kodiak BidCo B.V. for all issued and outstanding ordinary shares in the capital of JDE Peet's N.V. (such offer, the \"Offer\", such shares, the \"Shares\" and each holder of such Shares, a \"Shareholder\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in JDE Peet's N.V. The Offer is being made only by means of the offer memorandum dated 15 January 2026 (the \"Offer Memorandum\"), approved by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten). Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum. This press release is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication, or distribution would be unlawful.BURLINGTON, Mass. and FRISCO, Texas and AMSTERDAM, March 27, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. (\"KDP\") (NASDAQ: KDP) and JDE Peet's N.V. (\"JDE Peet's\") (EURONEXT: JDEP) are pleased to announce that during the Offer Period, that expired today at 17:40 hours CET, 466,712,270 Shares have been tendered under the Offer, representing approximately 96.22% of the Shares and an aggregate value of EUR 14,864,785,799.50. As a result, all Offer Conditions have been satisfied, and Kodiak BidCo B.V. (the \"Offeror\") declares the Offer unconditional (doet gestand).Transaction highlightsOffer Period expired on 27 March 2026 at 17:40 hours CET.A total of 96.22% of the Shares have been tendered under the Offer.Offer for JDE Peet's successful; all Offer Conditions have been satisfied.The Offeror declares the Offer for JDE Peet's unconditional.Settlement of the Offer will take place on 1 April 2026.Remaining Shares can be tendered during the Post-Closing Acceptance Period, commencing on 30 March 2026 and ending on 13 April 2026.SettlementWith reference to the Offer Memorandum, S...