Keurig Dr Pepper’s Kodiak BidCo Secures 96.22% of JDE Peet’s Shares
Keurig Dr Pepper’s Kodiak BidCo has secured tenders for 96.22% of JDE Peet’s shares, totalling 466.7 million shares valued at €14.86 billion, fulfilling all conditions of its public cash offer. Settlement is scheduled for April 1, 2026, with a post-closing acceptance period running through April 13 and subsequent delisting steps to follow.
1. Offer Declared Unconditional
Keurig Dr Pepper, through its subsidiary Kodiak BidCo, received 466,712,270 tenders for JDE Peet’s shares, representing 96.22% of the total, with an aggregate value of €14,864,785,799.50. All offer conditions have been satisfied, prompting Kodiak BidCo to declare the recommended public cash offer unconditional as of March 27, 2026.
2. Settlement and Post-Closing Period
Per the offer terms, settlement will occur on April 1, 2026, when payment for tendered shares is due. Shareholders who did not participate may tender shares during the post-closing acceptance period from March 30 to April 13, 2026, on identical terms, with payment scheduled within five business days after the period ends.
3. Delisting and Post-Closing Measures
Following the offer’s unconditional status, Keurig Dr Pepper and JDE Peet’s will initiate delisting of JDE Peet’s shares on Euronext Amsterdam. Post-closing measures include statutory buy-out proceedings and potential demerger actions to consolidate full ownership and restructure the combined entity.