Keurig Green Mountain and JAB Holding Company have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for US$92 per share in cash, or a total equity value of approximately US$13.9 billion.
The agreement represents a premium of approximately 77.9% over Keurig Green Mountain’s closing stock price on December 4, 2015.
JAB is acquiring Keurig Green Mountain in partnership with minority investors who are already shareholders in Jacobs Douwe Egberts B.V., (JDE), including Mondelēz International and entities affiliated with BDT Capital Partners.
At the close of the transaction, Keurig Green Mountain will be privately owned and will continue to be operated independently by the company’s management team and employees.
The company will remain headquartered in Waterbury, VT.