Keurig Dr Pepper announced the pricing of a registered public offering by a subsidiary of JAB Holding Company s.a.r.l. for 73,000,000 shares of KDP common stock. The shares were priced to the public at $32.80 per share.
JAB also granted the underwriter a 30-day option to purchase up to an additional 10,950,000 shares. This offering will result in JAB beneficially owning approximately 10.7% of KDP's outstanding common stock.
J.P. Morgan is acting as the underwriter for this secondary offering. The transaction is part of JAB's ongoing strategy to manage its investment in Keurig Dr Pepper.
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