US EditionKeurig Dr Pepper Announces Pricing of Secondary Offering of Common Stock by JAB
- Keurig Dr Pepper announced on May 1, 2025, the pricing of a secondary offering of 75 million common shares by a JAB Holding Company subsidiary at $33.45 per share.
- JAB is selling a portion of its holdings in KDP, and the shares it retains will be restricted from sale for 60 days under an agreement with the offering’s underwriter, J.P. Morgan.
- After the secondary share sale, JAB's indirect stake in Keurig Dr Pepper will represent roughly 4.4% of the company’s total common stock, while Keurig Dr Pepper remains a prominent North American beverage firm with a portfolio exceeding 125 brands.
- The public offering price was set at $33.45 per share, and J.P. Morgan serves as the underwriter, with detailed risks and uncertainties disclosed in SEC filings and prospectus supplements.
- This secondary offering may affect JAB's ownership concentration, while KDP maintains its market leadership and broad portfolio generating annual revenues above $15 billion.
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Keurig Dr Pepper Announces Pricing of Secondary Offering of Common Stock by JAB
BURLINGTON, Mass. and FRISCO, Texas, May 1, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) (the "Company or "KDP") announced today the pricing of its previously-announced registered public offering of 75,000,000 shares through a secondary offering by a subsidiary of…
·Denton, United States
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