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Keurig Green Mountain has green light from Canada for JAB Holding merger

Staff writer |
Keurig Green Mountain received regulatory clearance under the Competition Act (Canada) in connection with the merger between Keurig and a JAB Holding Company-led investor group.

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Keurig expects to close the merger as soon as reasonably practicable, subject to the satisfaction of any remaining conditions.

Keurig Green Mountain and JAB Holding Company announced in December last year that they have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for $92 per share in cash.

This is total equity value of approximately $13.9 billion. The agreement, which has been unanimously approved by Keurig Green Mountain's board, represents a premium of approximately 77.9% over Keurig Green Mountain's closing stock price on December 4, 2015.

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