BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Keurig Dr Pepper Inc. (KDP) and JDE Peet's announced that KDP has acquired 96.22% of the shares of JDE Peet's in the offer. As a result of Kodiak BidCo B.V. - the offeror - now holding more than 95% of the shares, KDP and JDE Peet's will procure the termination of the listing on Euronext Amsterdam. The last day of trading of the shares will be on 29 April 2026. The shares will be delisted from Euronext Amsterdam on 30 April 2026.
After an interim operating period, KDP plans to separate into two independent, U.S.-listed publicly traded companies, Beverage Co. and Global Coffee Co. KDP announced its Board has named Rafael Oliveira as CEO of its coffee operating unit and as CEO for the future Global Coffee Co. following the planned separation. Keurig Dr Pepper CEO Tim Cofer will serve as CEO of the future Beverage Co. upon separation.
In pre-market trading on NasdaqGS, Keurig Dr Pepper shares are down 0.11 percent to $26.30.
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