Keurig Dr Pepper Reports Pricing Of Secondary Offering Of Common Stock By JAB At $32.85 Per Share
Portfolio Pulse from Benzinga Newsdesk
Keurig Dr Pepper (KDP) announced the pricing of a secondary offering of its common stock by JAB at $32.85 per share. Post-offering, JAB will own approximately 16.5% of KDP's stock, or 15.8% if the underwriter's option is fully exercised. JAB's remaining shares are under a 90-day lock-up agreement.
October 29, 2024 | 10:09 am
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Keurig Dr Pepper's secondary offering by JAB is priced at $32.85 per share. JAB will retain a significant stake in KDP, with a 90-day lock-up on remaining shares, potentially stabilizing the stock price in the short term.
The pricing of the secondary offering at $32.85 per share is a key event for KDP, as it reflects market valuation and investor interest. JAB's retention of a significant stake and the lock-up agreement may prevent immediate large-scale selling, stabilizing the stock price in the short term.
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