Keurig Dr Pepper and JDE Peet's provided a joint update on the intended recommended all-cash public offer by KDP for all outstanding ordinary shares of JDE Peet's. Both companies confirmed they continue to make good progress on the preparations for the offer.
A request for review and approval of the Offer Memorandum will be filed with the Dutch Authority for the Financial Markets (AFM) as soon as reasonably practicable, but no later than November 16, 2025. This step is crucial for advancing the acquisition process.
As communicated on August 25, 2025, KDP and JDE Peet's anticipate that the offer will close in the first half of 2026, subject to the satisfaction or waiver of customary pre-offer and closing conditions. JDE Peet's will also pay a previously declared dividend of €0.36 per share prior to closing.
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