The Deal’s Richard Collings reports that Keurig Green Mountain Inc. (GMCR), the maker of beverage dispensers for the mass market, has agreed to be acquired by a JAB Holding Co.-led investor group for about $13.9 billion. The Luxembourg-based private equity firm will take the Waterbury, Vt.-based company private for $92 per share in cash, a 77.9% premium over the target’s closing stock price of $51.70 on Dec. 4. Keurig’s stock was up about 73% on the news in early morning trading, pegged at $89.50 per share. JAB said it is teaming up with the same strategic minority investors who participated in the acquisition of Jacobs Douwe Egberts, including Mondelez International Inc. (MDLZ), as well as BDT Capital Partners. The Coca-Cola Co. (KO), a minority owner of Keurig, said it supports the deal. The investment by JAB is not the first in the sector, as it has made a number of coffee plays in recent years, including the acquisition of D.E. Master Blenders for $9.8 billion in 2013. In 2014, D.E. Master Blenders combined with the coffee unit of Mondelez, paying the company $5 billion and a 49% stake in the newly formed Jacobs Douwe Egberts.
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