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Update on intended recommended public offer by KDP for JDE Peet's
Globenewswire· 2025-09-19 05:55
Core Viewpoint - Keurig Dr Pepper Inc. (KDP) is making a recommended all-cash public offer for all issued and outstanding ordinary shares of JDE Peet's at a price of EUR 31.85 per share, along with a previously declared dividend of EUR 0.36 per share [2][5]. Group 1: Offer Details - The offer price for JDE Peet's shares is set at EUR 31.85 in cash per share [2]. - JDE Peet's will also pay a previously declared dividend of EUR 0.36 per share, which may be paid at any time before closing [2]. - The anticipated closing of the offer is expected in the first half of 2026, subject to customary pre-offer and closing conditions [5]. Group 2: Regulatory and Procedural Aspects - KDP and JDE Peet's are preparing the Offer Memorandum for review and approval by the Dutch Authority for the Financial Markets (AFM), to be submitted no later than 16 November 2025 [4]. - The announcement serves as a status update on the intended public offer, as required by Dutch regulations [3]. Group 3: Company Backgrounds - KDP is a leading beverage company in North America with annual revenue exceeding $15 billion and a diverse portfolio of over 125 brands [6]. - JDE Peet's is the world's leading pure-play coffee company, generating total sales of EUR 8.8 billion in 2024 and serving approximately 4,400 cups of coffee per second globally [7].
Keurig Dr Pepper to Acquire JDE Peet's and Subsequently Separate into Two Independent Companies – a Leading Refreshment Beverage Player and a Global Coffee Champion
GlobeNewswire News Room· 2025-08-25 06:06
Core Viewpoint - The acquisition of JDE Peet's by Keurig Dr Pepper (KDP) aims to create a global coffee leader, enhancing KDP's coffee positioning and establishing two independent companies focused on distinct beverage markets [1][4][6] Acquisition Details - KDP will acquire JDE Peet's for €31.85 per share, totaling approximately €15.7 billion, which represents a 33% premium over JDE Peet's 90-day average stock price [2][15] - The transaction will be funded through a combination of new debt and cash on hand, with KDP maintaining an investment-grade rating post-acquisition [16][51] Strategic Rationale - The acquisition is expected to unlock approximately $400 million in cost synergies over three years and provide earnings per share (EPS) accretion starting in the first year [4][6] - The combined company will have a strong, diversified global coffee portfolio, reaching over 100 countries and holding leading market positions in 40 of them [5][11] Company Structure Post-Acquisition - Upon separation, Global Coffee Co. will be the world's largest pure-play coffee company with approximately $16 billion in annual net sales, while Beverage Co. will focus on the North American refreshment beverage market with over $11 billion in annual net sales [5][6] - Tim Cofer will serve as CEO of Beverage Co., and Sudhanshu Priyadarshi will lead Global Coffee Co. after the separation [12][13] Market Position and Growth Potential - Global Coffee Co. will leverage its extensive portfolio, including brands like Keurig, Jacobs, L'OR, and Peet's, to drive innovation and growth in the $400 billion coffee category [5][10] - Beverage Co. will capitalize on its strong free cash flow and capital-efficient growth model to enhance shareholder returns and invest in organic and inorganic growth opportunities [7][10][21] Future Outlook - The transaction is expected to close in the first half of 2026, subject to customary conditions and regulatory approvals [17][19] - Both companies will be positioned to deliver attractive returns to their respective investor bases through tailored growth strategies and capital allocation frameworks [9][10]
Keurig Dr Pepper Reports Q2 2025 Results and Reaffirms Guidance for 2025
Prnewswire· 2025-07-24 11:00
Strong Q2 Results Fueled by Healthy Top-Line Growth and Cost Discipline Momentum in U.S. Refreshment Beverages and International, with Improving U.S. Coffee Trends Company Reaffirms 2025 Constant Currency Net Sales and Adjusted EPS Outlook BURLINGTON, Mass. and FRISCO, Texas, July 24, 2025 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the second quarter of 2025 and reaffirmed its full year guidance. | | Reported GAAP Basis Adjusted Basis1 | | | | | --- | --- | --- | --- | -- ...
Keurig Dr Pepper to Report Second Quarter 2025 Results and Host Conference Call
Prnewswire· 2025-06-26 20:15
Core Points - Keurig Dr Pepper Inc. will release its financial results for Q2 2025 on July 24, 2025, before market opens [1] - A conference call to discuss the results will be held on the same day at 8:00 AM (ET), hosted by the CEO and CFO [1] - Investors can access the call via specific phone numbers and a replay will be available from July 24 to August 7, 2025 [2] Company Overview - Keurig Dr Pepper is a leading beverage company in North America with over 125 brands and annual revenue exceeding $15 billion [4] - The company holds leadership positions in various beverage categories, including carbonated soft drinks, coffee, tea, and more [4] - It operates the 1 single-serve coffee brewing system in the U.S. and Canada and focuses on innovative partnerships in emerging growth platforms [4]
Keurig Dr Pepper to Report First Quarter 2025 Results and Host Conference Call
Prnewswire· 2025-03-27 20:15
BURLINGTON, Mass. and FRISCO, Texas, March 27, 2025 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) will release its financial results for the first quarter ended March 31, 2025 before the market opens on Thursday, April 24, 2025. The Company will also hold a conference call on Thursday, April 24, 2025 at 7:30 AM (ET) to discuss the results, which will be hosted by Tim Cofer, Chief Executive Officer, and Sudhanshu Priyadarshi, Chief Financial Officer and President, International. Investors and analyst ...