JAB to Buy Mondelez's Stake in JDE Peet's
JAB lands deal to acquire Mondelez stake in JDE Peet’s
LUXEMBOURG — Investment firm JAB Holding Co. is acquiring Mondelez International’s stake in the coffee and tea company JDE Peet’s in a €2.16 billion ($2.34 billion) deal.
JDE Peet’s shares surge as JAB buys Mondelez $2.4 billion stake at a premium
JDE Peet’s also appointed former Kraft Heinz exec Rafa Oliveira as its new CEO as the coffee seller said it’s sales have put it on track to achieve its full-year outlook
JAB to buy Mondelez stake in Peet's coffee for $2.3 billion
The move means the Reimann family of Germany is increasing its control over the struggling coffee maker as its shares trade near all-time lows.
JAB to Buy Mondelez’s Stake in JDE Peet’s for €2.16 Billion
Investment holding company JAB agreed to acquire Mondelez International Inc’s stake in coffee retailer JDE Peet’s NV in a deal worth €2.16 billion ($2.3 billion).
Mondelez sells stake in JDE Peet’s EUR 25.10 per share
JAB announced that it agreed to acquire Mondelez’s 86M shares in JDE Peet’s for EUR 25.10 per share. Additionally, JAB has distributed shares of JDE Peet’s to more than 70 l
JDE Peet's Stock Rises After JAB Increases Stake With $2.35 Bln Buyout
JAB said it would acquire Mondelez's 86 million shares in JDE Peet's for 25.10 euros a share. This represents a premium of more than 32% compared to Friday's closing price of 18.96 euros a share prior to the announcement.
JDE Peet's shares surge after JAB increases majority stake in $2.4 billion deal
By Leo Marchandon (Reuters) -Shares in Dutch coffee maker JDE Peet's surged more than 16% after German conglomerate JAB said on Monday it will increase its majority stake to 68% by acquiring all of Mondelez's shares in a 2.
JDE Peet's Shares Get Boost From CEO Appointment
Shares in JDE Peet's soared more than 17 percent on Monday after the maker of Peet's Coffee and Pickwick tea brands appointed a new chief executive and its parent company boosted its stake.
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