Keurig Dr Pepper (KDP) has announced Kodiak BidCo B.V. (the offeror) is making a recommended public cash offer for all issued and outstanding ordinary shares in the capital of JDE Peet’s at an offer price of EUR 31.85 (US$37.34).
The board of directors at JDE Peet’s unanimously recommends the offer to all shareholders for acceptance. If the offeror obtains more than 95 per cent of shares it will initiate statutory buy-out proceedings. If it obtains between 80 per cent and 95 per cent of the shares it intends to implement the post-closing merger to acquire full ownership of the JDE Peet’s business.
The offer period is from 16 January 2026 to 27 March 2026, unless extended, and all competition clearances that are conditions to the offer have been obtained.
KDP possesses a portfolio of more than 125 owned, licensed, and partner brands with an annual revenue of more than US$15 billion and agreed to purchase JDE Peet’s for an all-cash offer reported to be in the region of US$18 billion.
After the acquisition, it plans to separate into two independent, publicly traded companies.
