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Keurig Dr Pepper Launches €31.85-a-Share Cash Offer for JDE Peet’s

Regulatory approvals are in place with 69% of shares committed at €31.85 per share.

Dr Pepper soda cans for sale are pictured at a grocery store in Pasadena, California, U.S., February 14, 2018. REUTERS/Mario Anzuoni

Overview

  • The AFM-approved Offer Memorandum was published on Jan. 15, with the offer period running from Jan. 16 to Mar. 27, 2026.
  • JDE Peet’s board unanimously recommends the bid, and Acorn Holdings and board members have irrevocably agreed to tender roughly 69% of shares.
  • The offer requires 95% acceptance, or 80% if shareholders at a March 2 extraordinary meeting approve post-closing restructuring measures.
  • JDE Peet’s will pay a previously declared €0.36 dividend on Jan. 23 that will not reduce the offer price.
  • All required competition clearances and works-council steps are complete, with closing expected in early Q2 2026 and potential buy-out, merger or demerger routes to secure full control.