Keurig Green Agrees To Be Bought By JAB-Led Investor Group For $92 Per Share

(RTTNews) - Keurig Green Mountain, Inc. (GMCR), a personal beverage system company, and JAB Holding Co. Monday said they have entered into a definitive merger agreement for a JAB-led investor group to acquire Keurig Green Mountain for $92.00 per share in cash, or a total equity value of around $13.9 billion.

The agreement has been unanimously approved by Keurig Green Mountain's Board of Directors. The offer represents a premium of 77.9 percent over Keurig Green Mountain's closing stock price on December 4.

JAB is acquiring Keurig Green Mountain in partnership with strategic minority investors who are already shareholders in Jacobs Douwe Egberts B.V. or JDE, including Mondelez 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.

The transaction is not subject to a financing condition and is expected to close during the first calendar quarter of 2016.

The deal requires the affirmative vote of holders of a majority of Keurig Green Mountain's outstanding shares entitled to vote thereon.

BofA Merrill Lynch and Credit Suisse provided fairness opinions to Keurig Green Mountain.