Business
Keurig Dr Pepper Launches Offer for JDE Peet's Shares
This 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 Article 10, paragraph 3 and
About this update from Keurig Dr Pepper Inc.
[{"type":"text","content":"This 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 Article 10, paragraph 3 and Article 18, paragraph 3 of the Dutch Decree on public takeover bids (Besluit openbare biedingen Wft) (the \"Decree\") in connection with the Offer (as defined below). 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. Any offer will be made only by means of the Offer Memorandum, which is available as of today. 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., FRISCO, Texas and AMSTERDAM, Jan. 15, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. (\"KDP\") (NASDAQ: KDP) and JDE Peet's N.V. (\"JDE Peet's\") (EURONEXT: JDEP) today announced that Kodiak BidCo B.V. (the \"Offeror\") is making a recommended public cash offer for all issued and outstanding ordinary shares in the capital of JDE Peet's (the \"Shares\" and each a \"Share\") at an offer price of EUR 31.85 (the \"Offer Price\") in cash per Share (the \"Offer\"), and that the Offer Memorandum has been published today. JDE Peet's will also pay a previously declared dividend of EUR 0.36 in cash per Share on 23 January 2026, which will not reduce the Offer Price.After the acquisition, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a scaled growth challenger in North America's attractive refreshment beverages market and a global coffee leader that will serve 100+ countries, with an unparalleled brand portfolio across all coffee segments, channels and price points.Transaction HighlightsThe Offer Memorandum is approved by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten).The terms of the Offer are unchanged from the 25 August 2025 joint press release, and the Offer remains subject to the satisfaction or waiver of the conditions contained in the Offer Memorandum.The board of directors of JDE Peet's fully supports and unanimously recommends the Offer to all shareholders for acceptance. Acorn Holdings B.V. and a...