M&A - JAB BevCo B.V.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925019303

Filing Summary: On February 26, 2025, JAB BevCo B.V. entered into an Underwriting Agreement with J.P. Morgan Securities LLC to sell 73,000,000 shares of Common Stock of Keurig Dr Pepper Inc. through a secondary offering, with a provision for an additional 10,950,000 shares to be sold at the Underwriter's option. The offering closed on February 28, 2025, during which JAB BevCo sold the additional shares. Post-offering, JAB BevCo holds 134,113,479 shares, equating to a 9.9% ownership stake of KDP's total shares. In conjunction with the reduction in ownership, three affiliated members resigned from KDP's Board of Directors effectively at the offering's close. JAB BevCo also agreed to a 90-day lock-up period for the remaining shares held. This document serves as Amendment No. 16 to the Schedule 13D previously filed, maintaining existing disclosures except for the new details on the offering. The substantive changes include confirming the financial arrangements and ownership percentages associated with the underwriting agreement and share sales, designed to reflect the ongoing structural changes in JAB BevCo's stake in KDP.

Document Link: View Document