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JAB Completes €2.16 Billion Acquisition of Mondelez's Stake in JDE Peet's, Stock Rises 15.5%
Oct 21, 2024, 07:44 AM
Investment holding company JAB has completed the acquisition of Mondelez's 86 million shares in coffee retailer JDE Peet's NV. The deal, valued at €2.16 billion, involves distributing 43 million shares at €25.10 per share to boost the free float. This strategic move is expected to significantly increase the free float of JDE Peet's shares. Following the acquisition, JDE Peet's saw a notable increase in its stock price, rising by 15.5%. JAB's total investment in the buyout is reported to be $2.4 billion.
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