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JAB-led investor group to buy K-Cup maker Keurig for $13.9 billion
December 8, 2015 by publisher · Leave a Comment
The transaction, pitched at a rich 78 percent premium to Keurig's Friday closing price, would be the biggest coffee acquisition by JAB, the investment vehicle of Germany's billionaire Reimann family, as it tries to become a formidable competitor to world coffee market leader Nestle SA. For Luxembourg-based JAB, the deal for the maker of K-Cup coffee pods “is a fantastic opportunity for them to be really a global player in the coffee market. The price represents a “demanding valuation” of about 15 times Keurig's earnings before…
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JAB-led investor group to buy K-Cup maker Keurig for $13.9 billion