Green Mountain and Coca-Cola close blockbuster deal

|By:, SA News Editor

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