Green Mountain and Coca-Cola close blockbuster deal

Green Mountain (GMCR -1.8%) issued 16.68M shares of common stock sold to Coca-Cola (KO +0.3%) at a price of $74.98 each for  total gross proceeds of $1.25B. As previously announced Green Mountain intends to ease the dilution from the deal by  boosting its share buybacks. In addition, a portion of the proceeds will fund capex for the Keurig Cold beverage system.

Previous coverage of the deal

In other news, Green Mountain's Canada group announces a partnership with Laura Second - Canada's largest chocolatier - to bring Laura Second signature hot chocolate to K-Cup packs in fall of this year.

Press release

From other sites
Comments (10)
  • rambler1
    , contributor
    Comments (1050) | Send Message
    Great logic sell 'em at $75 buy 'em back at $110.
    27 Feb 2014, 11:23 AM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
    Seems to be a scam going on. Ripping off shareholders' value to benefit KO. No wonder the market price has pulled back today.
    27 Feb 2014, 02:09 PM Reply Like
  • Growfast
    , contributor
    Comments (295) | Send Message
    I noticed that 74.98 value on the stock. Guess we are headed a good bit lower from current levels before the next rise.
    27 Feb 2014, 11:26 AM Reply Like
  • benitus
    , contributor
    Comments (3473) | Send Message
    That's why I shorted this stock at $121 and waiting for it to pull back to $90 at least but the volatility has been good for me.
    27 Feb 2014, 02:11 PM Reply Like
  • fuzzymc
    , contributor
    Comments (198) | Send Message
    Don't be scared, that was the price when the deal was announced!
    27 Feb 2014, 11:41 AM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
    Both companies will benefit immensely from this partnership.


    27 Feb 2014, 11:51 AM Reply Like
  • User 10339391
    , contributor
    Comments (3) | Send Message
    With the proceeds from the share sale, $GMCR can only buyback 2/3s of the stock it just issued to
    27 Feb 2014, 09:08 PM Reply Like
  • Boog0822
    , contributor
    Comments (50) | Send Message
    Issued almost 17 million new shares? Why would they do that?
    27 Feb 2014, 10:05 PM Reply Like
  • User 10339391
    , contributor
    Comments (3) | Send Message
    no they just got the shares at 114.00 to 124.00 sold the share to ko for @ 74.ish and now they are going to buy the shares back @ 114 ish and they just add 16.5 mil. shares to there float what a great deal for the share holders .. and the insiders have been sell like the shares are going to a buck . it is almost funny ..
    28 Feb 2014, 01:50 AM Reply Like
  • racecarjw
    , contributor
    Comments (7) | Send Message
    Even the insiders knew to sell at the high over inflated prices that GMCR rose to.
    28 Feb 2014, 01:51 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs