JAB Acquires Mondelez's Stake In JDE Peet's At €25.10/Share, Boosts Free Float With Investor Distribution
Portfolio Pulse from Benzinga Newsdesk
JAB has acquired Mondelez's 86 million shares in JDE Peet's for €25.10 per share, increasing JDE Peet's free float by distributing shares to over 70 limited partners of JAB Consumer Partners.
October 21, 2024 | 6:43 am
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NEUTRAL IMPACT
Mondelez has sold its 86 million shares in JDE Peet's to JAB for €25.10 per share, which may impact Mondelez's cash position and investment strategy.
The sale of shares by Mondelez to JAB is a significant transaction, but it does not directly affect Mondelez's core operations. The impact is more on its investment portfolio and cash position.
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IMPORTANCE 70
RELEVANCE 80