WATERBURY, VT. — JAB Holding Co. has completed its acquisition of Keurig Green Mountain, Inc. Under the terms of the transaction, which was announced this past December, Keurig Green Mountain stockholders will receive $92 per share in cash.
The deal amounts to a total equity value of approximately $13.9 billion, which represents a premium of approximately 77.9% over the company’s closing stock price on Dec. 4, 2015.
The acquisition was approved by Keurig Green Mountain shareholders on Feb. 24. As of March 3, the company’s common stock has ceased trading on the NASDAQ Global Select Market.
Keurig Green Mountain will continue to be operated independently by the company’s management team and employees, and its headquarters will remain in Waterbury.
JAB Holding also holds controlling stakes in Jacobs Douwe Egberts, the combined coffee businesses of Mondelez International, Inc. and D.E Master Blenders 1753 B.V.; Peet’s Coffee & Tea, a specialty coffee and tea company; Caribou Coffee Co., a retailer of premium coffee products; and Einstein Noah Restaurant Group, Inc., an operator of quick-service bagel shops.
Fiscal 2015 was a difficult one for Keurig Green Mountain as its installed base of brewers in homes slowed and competition in the market for pods increased. For the year ended Sept. 26, 2015, net income fell 16% to $498,638,000, equal to $3.17 per share on the common stock. Sales for the year fell 4% to $4,520,031,000.
