JAB-led group to acquire Keurig Green Mountain for $13.9B
December 08, 2015
An investor group led by Germany-based JAB Holding Company has agreed to acquire personal beverage company Keurig Green Mountain (NASDAQ: GMCR) for $92 per share in cash, or a total equity value of approximately $13.9 billion. Expected to close in 1Q 2016, the transaction represents a premium of about 77.9% over the company's closing stock price on Friday. Co-investors in the deal include Mondelez International and BDT Capital Partners.
Keurig, perhaps best known for its single-serve coffee dispensing technology, will become a privately owned company operating independently as part of JAB's global coffee platform (which includes Peet's Coffee & Tea and Caribou Coffee Company, among many others). With more than 80 product brands and over 575 beverage varieties. Keurig saw its stock close Monday at $88.89 (up $37.19, or 71.9%). BofA Merrill Lynch and Credit Suisse provided fairness opinions to the company.