Keurig Dr Pepper completes $800 million redemption of Chobani stake
KDP•Keurig Dr Pepper redeemed all indirect equity interests in Chobani for $800 million, split between $400 million in cash and a $400 million promissory note. Chobani also bought certain assets for $125 million in cash.
1. Stake redemption
Keurig Dr Pepper units DPS Holdings and Mott’s completed transactions with Chobani on Sept. 28, 2026. Keurig Dr Pepper redeemed all indirect equity interests in Chobani for $800 million: $400 million in cash and a $400 million promissory note due Dec. 26, 2026.
2. Asset purchase
Chobani also bought certain assets for $125 million in cash, including leasehold interests in two facilities in Allentown, Pennsylvania.
