Keurig Dr Pepper (KDP) announced that a subsidiary of JAB Holding Company will sell an aggregate of 75M shares of KDP common stock through a proposed registered public offering. Following the completion of the offering, JAB will beneficially own approximately 4.4% of KDP’s outstanding common stock. The remaining shares beneficially owned by JAB will be subject to a 60-day lock-up agreement with the underwriter. J.P. Morgan is acting as the underwriter for the proposed secondary offering.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KDP:
- KO, PM, or KDP: Which “Strong Buy” Consumer Defensive Stock Could Generate the Most Attractive Returns?
- Keurig Dr Pepper’s Strong Q1 2025 Earnings Call
- Keurig Dr Pepper price target raised to $38 from $37 at Barclays
- Keurig Dr Pepper Announces Board Leadership Changes
- China weighs U.S. tariff exemptions, Alphabet reports Q1 beat: Morning Buzz