Keurig Dr Pepper (KDP) announced that a subsidiary of JAB Holding Company will sell an aggregate of 73M shares of KDP common stock through a proposed registered public offering. Following the completion of the offering, JAB will beneficially own approximately 10.7% of KDP’s outstanding common stock. 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:
- Coca-Cola, PepsiCo, or Keurig Dr. Pepper: Which Beverage Stock Adds Fizz to Investor Portfolios?
- Keurig Dr Pepper price target raised to $38 from $36 at Morgan Stanley
- Cautious Outlook for Keurig Dr Pepper Amid U.S. Coffee Segment Challenges and Inflation Pressures
- Cautious Outlook for Keurig Dr Pepper Amidst Growth and Cost Concerns
- Optimistic Buy Rating for Keurig Dr Pepper Amidst Promising Growth Prospects and Strong Fundamentals