Keurig Dr Pepper Announces Pricing of up to 100 million Shares of Common Stock by JAB and Repurchase of 35 million Shares by KDP

BURLINGTON, Mass. and FRISCO, Texas, Feb. 29, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) (the "Company" or "KDP") today announced the pricing of its previously-announced public offering of 86,956,522 shares through a registered secondary offering, at a price to the public of $29.10 per share. JAB has also granted an option to the underwriter to purchase up to an additional 13,043,478 shares for a period of 30 days following the date of the offering. KDP has indicated its intent to repurchase a ...