Keurig Dr Pepper Secures 96% of JDE Peet's: The Takeover Bid Becomes Unconditional
Keurig Dr Pepper has announced that the public takeover offer for JDE Peet's has become unconditional after 96.22% of the shares were tendered.
Completion of the Offer Period
During the offer period, which ended on March 27, 2026, at 5:40 PM CET, 466,712,270 shares of JDE Peet's N.V. were tendered, representing 96.22% of the total shares for a total value of 14,864,785,799.50 euros. Kodiak BidCo B.V., the entity behind the offer, declared the offer unconditional after all conditions were met.
Settlement and Post-Closure Submission Period
The settlement of the offer will take place on April 1, 2026. A post-closure submission period will open on March 30, 2026, at 9:00 AM CEST and will close on April 13, 2026, at 5:40 PM CEST, allowing shareholders who did not tender their shares during the initial period to do so under the same conditions. Payment for the shares tendered during this post-closure period will occur no later than five business days after its expiration. Following the settlement, the modified and approved composition of the board of directors at the extraordinary general meeting on March 2, 2026, will become effective. Withdrawal of the tendered shares will not be possible during both periods. The delisting of the shares from Euronext Amsterdam will be carried out as soon as possible. After the post-closure period, the offeror will initiate statutory squeeze-out procedures and may implement a post-closure restructuring.
