JAB Holding Company-Led Investor Group Completes Acquisition of Keurig Green Mountain, Inc.
March 03 2016 - 8:45AM
Business Wire
Keurig Green Mountain, Inc. (NASDAQ: GMCR) (“Keurig Green
Mountain”) and JAB Holding Company (“JAB”) today announced the
successful completion of the acquisition of Keurig Green Mountain
by a JAB-led investor group. The acquisition was announced on
December 7, 2015, and the transaction closed and became effective
today.
Under the terms of the transaction, Keurig Green Mountain
stockholders will receive $92.00 per share in cash for each share
they own. The transaction was approved by Keurig Green Mountain
stockholders at a special meeting of stockholders held on February
24, 2016. As a result of the completion of the acquisition, Keurig
Green Mountain’s common stock ceased trading on the NASDAQ Global
Select Market before the opening of market today.
About Keurig Green Mountain, Inc.Keurig Green
Mountain is reimagining how beverages can be created, personalized,
and enjoyed, fresh-made in homes and workplaces. Keurig Green
Mountain is 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, Keurig
Green Mountain’s 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, Keurig Green
Mountain is committed to using the power of business to brew a
better world through its work to build resilient supply chains,
sustainable products, thriving communities, and a water-secure
world.
For more information visit: www.KeurigGreenMountain.com.
About JAB Holding CompanyJAB Holding Company is a
privately held group focused on long-term investments in companies
with premium brands, attractive growth and strong margin dynamics
in the Consumer Goods category. The group's portfolio includes a
controlling stake in Jacobs Douwe Egberts (JDE), the largest
pure-play FMCG coffee company in the world, a controlling stake in
Coty Inc., a global leader in beauty, and controlling stakes in
luxury goods companies including Jimmy Choo, Bally and Belstaff.
JAB also has controlling stakes in Peet's Coffee & Tea, a
premier specialty coffee and tea company, Caribou Coffee Company, a
specialty retailer of high-quality premium coffee products,
Einstein Noah Restaurant Group, Inc., a leading company in the
quick-casual segment of the restaurant industry, Espresso House,
the largest branded coffee shop chain in Scandinavia, and Baresso
Coffee A/S, the first and largest branded coffee shop chain in
Denmark. JAB also owns a minority stake in Reckitt Benckiser PLC, a
global leader in health, hygiene and home products. In July 2015,
Coty announced it had reached a definitive agreement to purchase
some of Procter & Gamble's beauty brands to create one of the
world's largest cosmetic companies. JAB is overseen by its three
Senior Partners, Peter Harf, Bart Becht (Chairman) and Olivier
Goudet (CEO). For more information, please visit the company's
website at: http://www.jabholco.com.
KGM-G
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version on businesswire.com: http://www.businesswire.com/news/home/20160303005794/en/
Keurig Green Mountain, Inc.Media:Dan Katcher /
Matthew Sherman / Averell WithersJoele Frank, Wilkinson Brimmer
Katcher, 212-355-4449pr@keurig.comorInvestors:Kristi Bonner,
646-762-8095kristi.bonner@keurig.comorJAB Holding Company
Contacts:Abernathy MacGregor GroupTom Johnson/Pat Tucker,
212-371-5999
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