Keurig Dr Pepper Announces Pricing of Secondary Offering of Common Stock by JAB
Keurig Dr Pepper (KDP) has announced the pricing of a secondary offering of 60 million shares by JAB Holding Company at $32.85 per share. JAB has granted the underwriter a 30-day option to purchase up to an additional 9 million shares. Following the offering completion, JAB will own approximately 16.5% of KDP's outstanding common stock, or 15.8% if the underwriter's option is fully exercised. The remaining JAB-owned shares will be subject to a 90-day lock-up agreement. Morgan Stanley is serving as the underwriter for this secondary offering.
Keurig Dr Pepper (KDP) ha annunciato il prezzo di un'offerta secondaria di 60 milioni di azioni da parte di JAB Holding Company a 32,85 $ per azione. JAB ha concesso all'underwriter un'opzione di 30 giorni per acquistare fino a ulteriori 9 milioni di azioni. Al termine dell'offerta, JAB possiederà circa 16,5% delle azioni ordinarie in circolazione di KDP, o 15,8% se l'opzione dell'underwriter viene esercitata completamente. Le restanti azioni possedute da JAB saranno soggette a un accordo di lock-up di 90 giorni. Morgan Stanley sta fungendo da underwriter per questa offerta secondaria.
Keurig Dr Pepper (KDP) ha anunciado el precio de una oferta secundaria de 60 millones de acciones por parte de JAB Holding Company a $32.85 por acción. JAB ha otorgado al suscriptor una opción de compra de 30 días para adquirir hasta 9 millones de acciones adicionales. Tras la finalización de la oferta, JAB poseerá aproximadamente 16.5% de las acciones en circulación de KDP, o 15.8% si la opción del suscriptor se ejerce completamente. Las acciones restantes en poder de JAB estarán sujetas a un acuerdo de bloqueo de 90 días. Morgan Stanley actúa como suscriptor para esta oferta secundaria.
커리그 드 페퍼 (KDP)는 JAB 홀딩 컴퍼니가 6천만 주의 2차 공모 가격을 주당 32.85달러로 발표했다고 밝혔습니다. JAB는 인수인에게 추가로 900만 주를 구매할 수 있는 30일 옵션을 부여했습니다. 공모가 완료되면 JAB는 KDP의 총 발행 보통주 중 약 16.5%를 소유하게 되며, 인수인의 옵션이 완전히 행사될 경우 15.8%가 됩니다. JAB가 보유한 나머지 주식은 90일 잠금 계약의 대상이 됩니다. 모건 스탠리는 이 2차 공모의 인수인으로 활동하고 있습니다.
Keurig Dr Pepper (KDP) a annoncé le prix d'une offre secondaire de 60 millions d'actions par JAB Holding Company à 32,85 $ par action. JAB a accordé à l'underwriter une option de 30 jours pour acheter jusqu'à 9 millions d'actions supplémentaires. Suite à la réalisation de l'offre, JAB détiendra environ 16,5% des actions ordinaires en circulation de KDP, ou 15,8% si l'option de l'underwriter est entièrement exercée. Les actions restantes détenues par JAB seront soumises à un accord de verrouillage de 90 jours. Morgan Stanley agit en tant qu'underwriter pour cette offre secondaire.
Keurig Dr Pepper (KDP) hat den Preis für ein nachträgliches Angebot von 60 Millionen Aktien durch die JAB Holding Company zu einem Preis von 32,85 $ pro Aktie bekannt gegeben. JAB hat dem Underwriter eine 30-tägige Option eingeräumt, bis zu 9 Millionen zusätzliche Aktien zu erwerben. Nach Abschluss des Angebots wird JAB ungefähr 16,5% der ausgegebenen Stammaktien von KDP besitzen, oder 15,8%, wenn die Option des Underwriters vollständig ausgeübt wird. Die verbleibenden JAB-Besitzanteile unterliegen einem 90-tägigen Sperrvertrag. Morgan Stanley fungiert als Underwriter für dieses nachgelagerte Angebot.
- None.
- Major shareholder JAB Holding Company reducing its stake significantly
- Large secondary offering of 60 million shares could create selling pressure
- Potential additional dilution if 9 million share option is exercised
Insights
The secondary offering of
The 90-day lock-up agreement on JAB's remaining shares provides temporary stability for the stock price. While this large share sale could create short-term pressure on KDP's stock price, it improves the public float and market liquidity. The increased free float could potentially make the stock more attractive to institutional investors and index funds.
Following the completion of the offering, JAB will beneficially own approximately
Morgan Stanley is acting as the underwriter for the secondary offering.
The offering will be made only by means of an effective registration statement and a prospectus. The Company has previously filed with the
Investors:
Investor Relations
Keurig Dr Pepper
T: 888-340-5287 / IR@kdrp.com
Media:
Katie Gilroy
Keurig Dr Pepper
T: 781-418-3345 / katie.gilroy@kdrp.com
About Keurig Dr Pepper
Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in
FORWARD-LOOKING STATEMENTS
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Forward-looking statements are subject to a number of risks and uncertainties, including the factors disclosed in our Annual Report on Form 10-K, the prospectus supplements and subsequent filings with the SEC. We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law.
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SOURCE Keurig Dr Pepper Inc.
FAQ
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