Keurig Dr Pepper Completes Acquisition of 97.75% of JDE Peet's, Delisting Imminent
Keurig Dr Pepper has finalized the acquisition of 97.75% of JDE Peet's shares at the end of the post-closure acceptance period of its public tender offer.
Details of the Acquisition
During the post-closure acceptance period, which ended on April 13, 2026, at 5:40 PM CEST, the Treasurer (Kodiak BidCo B.V.) received 7,821,867 shares, representing 1.61% of the total shares and an aggregate value of approximately EUR 249,126,463.95. Combined with the 466,712,270 shares already acquired, the Treasurer now holds a total of 474,534,137 shares, representing 97.75% of JDE Peet's capital for an approximate aggregate value of EUR 15,113,912,263.45.
Next Steps Following the Acquisition
As the ownership threshold exceeded 95%, the Treasurer will initiate statutory squeeze-out procedures in accordance with the terms of the public offer. A post-closure spin-off will also be implemented as stipulated in the offer memorandum. The settlement of the shares submitted during the post-closure period will occur on April 15, 2026. The last trading session of JDE Peet's shares on Euronext Amsterdam will take place on April 29, 2026, with delisting scheduled for April 30, 2026.
