Mondelēz International has agreed to sell part of its stake in Keurig Dr Pepper to a financial services firm for a total consideration of approximately $362.7 million.
As part of the deal, Mondelēz will sell approximately 12.5 million shares in Keurig Dr Pepper at a price of $29 per share. Following the completion of the transaction, Mondelēz will own 158.2 million shares in the beverage company, representing approximately 11.2%.
According to the filing, the share sale was described as an “opportunist sale transswanson zinc bisglycinateaction based on market conditions.”
online pharmacy
no prescription
The global snack and confectionery company became a minor stakeholder in Keurig Green Mountain in 2016 after it exchanged a portion of its ownership in Jacobs Douwe Egberts for a 24% stake.
Following the merger between Keurig Green Mountain and Dr Pepper Snapple in 2018, 21st century calcium citrate d 75Mondelēz’ existing stake translated into a 13-14% share in the combined company. At the time, ferric phosphate anhydrousMondelēz said that it did not intend to invest fresh capital intwhat are the best supplements for insomniao the new venture.
As part of the agreement, Mondelēz was not allowed to sell any of its shares in the newly-formed Keurig Dr Pepper for six months and had the right to nominate two directors to the new company’s board of directors.
Following the recent transaction, JAB Holdings will continue to own the remaining, majority stake in Keurig Dr Pepper.is ferric orthophosphate gluten free
 
buy neurontin online
no prescription pharmacy