Bank of America Global Industrials Conference 2026 Safe Harbor This presentation contains "forward - looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995 . In addition, the accompanying conference call may include, and officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that constitute "forward - looking statements" . These forward - looking statem ...

Core Insights - Keurig Dr Pepper operates as a major North American beverage company with a diverse portfolio of over 125 brands [1] Company Overview - The company spans various beverage categories including carbonated soft drinks, coffee, tea, water, juice, and mixers [1]

Core Viewpoint - Keurig Dr Pepper Inc. and JDE Peet's N.V. have announced a recommended public cash offer for all issued and outstanding ordinary shares of JDE Peet's at an offer price of EUR 31.85 per share, with the offer period running from January 16, 2026, to March 27, 2026, unless extended [2][6]. Company Overview - Keurig Dr Pepper Inc. (KDP) is a leading beverage company in North America with over 125 brands and annual revenue exceeding $15 billion. KDP holds leadership positions in various beverage categories and aims to enhance beverage experiences while making a positive impact [10]. - JDE Peet's N.V. is the world's leading pure-play coffee company, serving approximately 4,400 cups of coffee per second in over 100 markets. In 2024, JDE Peet's generated total sales of EUR 8.8 billion and has a workforce of more than 21,000 employees [11]. Transaction Highlights - The offer price of EUR 31.85 per share is in cash, and JDE Peet's will also pay a previously declared dividend of EUR 0.36 per share on January 23, 2026, which will not reduce the offer price [2]. - The board of directors of JDE Peet's fully supports and unanimously recommends the offer to shareholders, with Acorn Holdings B.V. and board members representing approximately 69% of shares committing to tender their shares [6][7]. - The offer is subject to a minimum acceptance threshold of 95% of shares, which can be lowered to 80% if certain post-closing restructuring measures are approved at a shareholder meeting on March 2, 2026 [6]. Future Plans - Following the acquisition, KDP plans to separate into two independent, publicly traded companies, focusing on growth in North America's refreshment beverages market and becoming a global coffee leader serving over 100 countries [3].