Keurig Stockholders Approve Merger With JAB Holdings
February 24 2016 - 4:01PM
Business Wire
Keurig Green Mountain, Inc. (“Keurig”) (NASDAQ: GMCR) announced
that at a special meeting today, Keurig’s stockholders formally
approved the previously announced merger agreement relating to the
proposed transaction between Keurig and a JAB-led investor group.
Subject to the terms and conditions of the merger agreement, at the
effective time of the merger, each share of Keurig common stock
will be cancelled and converted into the right to receive $92.00 in
cash.
The transaction remains subject to various closing conditions
and is expected to close during the first calendar quarter of
2016.
About Keurig Green Mountain, Inc.Keurig Green
Mountain, Inc. (Keurig) (NASDAQ: GMCR) is reimagining how
beverages can be created, personalized, and enjoyed, fresh-made in
homes and workplaces. We are a personal beverage system company
revolutionizing the beverage experience through the power of
innovative technology and strategic brand partnerships. With an
expanding family of more than 80 beloved brands and more than 575
beverage varieties, our Keurig® hot and Keurig® KOLD™ beverage
systems deliver great taste, convenience, and choice at the push of
a button. As a company founded on social responsibility, we are
committed to using the power of business to brew a better world
through our work to build resilient supply chains, sustainable
products, thriving communities, and a water-secure world.
For more information
visit: www.KeurigGreenMountain.com.
Keurig routinely posts information that may be of
importance to investors in the Investor Relations section of its
website, www.KeurigGreenMountain.com, including news releases
and its complete financial statements, as filed with the SEC.
The Company encourages investors to consult this section of its
website regularly for important information and news. Additionally,
by subscribing to the Company's automatic email news release
delivery, individuals can receive news directly
from Keurig as it is released.
Forward-Looking StatementsCertain information in this
press release constitutes “forward-looking statements.”
Forward-looking statements can be identified by the fact that they
do not relate strictly to historical or current facts. They often
include words such as “believes,” “expects,” “anticipates,”
“estimates,” “intends,” “plans,” “seeks” or words of similar
meaning, or future or conditional verbs, such as “will,” “should,”
“could,” “may,” “aims,” “intends,” or “projects.” However, the
absence of these words or similar expressions does not mean that a
statement is not forward-looking. These statements may relate to
risks or uncertainties associated with: the satisfaction of the
conditions precedent to the consummation of the transaction,
including, without limitation, the receipt of regulatory approvals;
unanticipated difficulties or expenditures relating to the
transaction; legal proceedings, judgments or settlements, including
those that may be and have been instituted against Keurig, its
board of directors, executive officers and others following the
announcement of the transaction; disruptions of current plans and
operations caused by the announcement and pendency of the
transaction; potential difficulties in employee retention due to
the announcement and pendency of the transaction; the response of
customers, distributors, suppliers, business partners and
regulators to the announcement of the transaction; and other
factors described in Keurig’s annual report on Form 10-K for
Keurig’s fiscal year ended September 26, 2015 filed with the SEC,
as amended. Keurig can give no assurance that the expectations
expressed or implied in the forward-looking statements contained
herein will be attained. The forward-looking statements are made as
of the date of this communication, and Keurig undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise, except as required by law. Readers are cautioned not to
place undue reliance on these forward-looking statements that speak
only as of the date hereof.
KGM-G
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version on businesswire.com: http://www.businesswire.com/news/home/20160224006330/en/
For Keurig Green Mountain, Inc.Media Contact:Joele Frank,
Wilkinson Brimmer KatcherAverell Withers,
212-355-4449pr@keurig.comorInvestor Contact:Kristi Bonner,
646-762-8095kristi.bonner@keurig.com
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