Entering text into the input field will update the search result below

Top Keurig Dr Pepper holder to distribute shares

Sep. 08, 2020 8:37 AM ETKeurig Dr Pepper Inc. (KDP) Stock, MDLZ StockMDLZ, KDPBy: Clark Schultz, SA News Editor1 Comment
  • Keurig Dr Pepper (NYSE:KDP) discloses that JAB Holdings has indicated its intention for its majority-owned Maple Holdings B.V. subsidiary to convert a portion of the interest of its minority partners into directly held shares of KDP stock.
  • To affect the equity distribution, Maple intends to distribute approximately 76M shares of KDP stock that Maple currently holds, representing approximately 5.4% of the outstanding common stock of KDP.  A portion of the shares will be subject to a six-month lock-up provision.
  • Following the distribution and lock-up period, JAB and Maple will collectively own 44% of KDP, Mondelez International (NASDAQ:MDLZ) will continue to own 12% and the public float will increase to 44%, including shares held directly by the minority partners.
  • Source: Press Release
  • The Seeking Alpha Quant Rating on KDP is flashing Very Bullish.

Recommended For You

Related Stocks

SymbolLast Price% Chg
MDLZ
--
KDP
--