December 8, 2015

Keurig Green Mountain to be Acquired by JAB Holding Company

Keurig green mountain

We have some surprising news - Keurig Green Mountain, Inc. and JAB Holding Company announced that the companies have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for $92.00 per share in cash, or a total equity value of approximately $13.9 billion. The agreement, which has been unanimously approved by Keurig Green Mountain's Board of Directors, 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 strategic 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. Keurig Green Mountain will remain headquartered in Waterbury, VT.

What can we say? Well - Coke is backing the deal and it’s not surprising. They have taken a bath on their investment with the Keurig Green Mountain stock trading well below their initial investment. With the stock buyout of $92 they’ll get back 2.5 billion on their investment. We do wonder how this will affect the Starbucks agreement, and also if KOLD continues to be developed moving forward.

Maybe this means we’ll get some ECO-FRIENDLY K-Cups? Maybe that’s just too much to ask. 

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Posted by Jay Brewer at December 8, 2015 7:44 AM
Recent Comments

JAB also owns Peet's. Then they bought Caribou and promptly shut them all down in my state. They tried to reopen a couple of them as Peet's but those only lasted a few months. JAB clearly doesn't care about coffee. But then again, neither does Keurig so I guess it makes sense. Nail in the coffin? Only time will tell.


Posted by: ao at December 8, 2015 8:51 AM
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