Keurig Dr Pepper Announces Results of Post-Closing Acceptance Period for Offer for JDE Peet's

Rhea-AI Summary

Keurig Dr Pepper (NASDAQ: KDP) and JDE Peet's announced the post-closing acceptance period for KDP's recommended cash offer expired on April 13, 2026. During the period 7,821,867 Shares (≈1.61%) were tendered for ≈€249.13M. Combined holdings now total 474,534,137 Shares (≈97.75%) with an aggregate value of ≈€15.114B.

Settlement for post-closing tenders is scheduled for April 15, 2026. Having acquired >95% of Shares, the Offeror will commence statutory Buy-Out Proceedings, implement a Post-Closing Demerger, and delist JDE Peet's from Euronext Amsterdam (last trading 29 April 2026; delist 30 April 2026).

Positive

• Offeror holds ≈97.75% of Shares
• Post-closing tenders: 7,821,867 Shares (1.61%)
• Aggregate consideration: €15.114 billion
• Settlement date for post-closing tenders: 15 April 2026

Negative

• JDE Peet's to be delisted from Euronext Amsterdam on 30 April 2026
• Offeror will initiate statutory Buy-Out Proceedings after acquiring >95% of Shares
• Payment for tendered Shares cannot be guaranteed on scheduled settlement date

News Market Reaction – KDP

-0.08%

-0.08% Session close to close

In the Apr 14 session, KDP declined 0.08%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms that KDP’s offer for JDE Peet’s reached 97.75% ownership, triggering buy-...

Analysis

This announcement confirms that KDP’s offer for JDE Peet’s reached 97.75% ownership, triggering buy-out proceedings and a planned delisting on 30 April 2026. It follows earlier updates on unconditional status and financing for the deal. Investors may focus on how this coffee consolidation fits with KDP’s prior guidance and financing structure, including the size of the total consideration of EUR 15.1 billion and the forthcoming operational integration steps.

Key Figures

Post-closing tendered shares: 7,821,867 Shares Post-closing ownership: 1.61% of Shares Post-closing tender value: EUR 249,126,463.95 +5 more

8 metrics

Post-closing tendered shares 7,821,867 Shares Shares tendered during Post-Closing Acceptance Period

Post-closing ownership 1.61% of Shares Additional stake tendered in post-closing period

Post-closing tender value EUR 249,126,463.95 Aggregate value of shares tendered post-closing

Total shares held 474,534,137 Shares Total JDE Peet’s shares to be held by Offeror

Total ownership 97.75% of Shares Total stake in JDE Peet’s after post-closing period

Total consideration EUR 15,113,912,263.45 Aggregate value of all tendered JDE Peet’s shares

Settlement date 15 April 2026 Payment of Offer Price for post-closing tendered shares

Delisting date 30 April 2026 JDE Peet’s delisting from Euronext Amsterdam

Historical Context

5 past events · Latest: Apr 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 01	Acquisition milestone	Positive	-2.4%	Completion of 96.22% JDE Peet’s acquisition and integration plans.
Mar 27	Offer unconditional	Positive	+0.8%	Offer for JDE Peet’s declared unconditional at 96.22% tendered.
Mar 26	Earnings schedule	Neutral	-0.1%	Announcement of Q1 2026 earnings release and conference call timing.
Feb 24	Earnings results	Positive	+4.2%	Strong 2025 net sales, EPS growth, and 2026 outlook including JDE Peet’s.
Feb 23	Financing update	Positive	+4.2%	Updated financing plan and leverage targets for JDE Peet’s deal.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent acquisition and financing news for JDE Peet’s often led to positive or mixed price reactions, with one notable selloff on major acquisition completion details.

Recent Company History

Over the last few months, KDP has focused on the JDE Peet’s acquisition and related financing. On Feb 23–24, 2026, it outlined a large debt-and-equity financing plan and reported solid 2025 results, both followed by gains around 4.23%. On Mar 27, 2026, KDP declared the offer for JDE Peet’s unconditional at roughly 96.22% ownership, with a modestly positive move. The Apr 1, 2026 update to 96.22% ownership triggered a -2.43% decline, showing occasional profit-taking even on strategic milestones.

Key Terms

public cash offer, offer memorandum, buy-out proceedings, post-closing demerger, +4 more

8 terms

public cash offer financial

"in connection with the recommended public cash offer by Kodiak BidCo B.V."

A public cash offer is an open proposal made to all holders of a company’s shares to sell their stock in exchange for a fixed amount of cash. Think of it like a buyer putting a clear price on items at a garage sale and inviting every owner to sell at that price; it can quickly change who controls the company, boost short‑term liquidity for sellers, and drive the market price as investors decide whether to accept the deal.

offer memorandum regulatory

"The Offer is being made only by means of the offer memorandum dated 15 January 2026"

A document that lays out the full details of a securities offering — what is being sold, the company’s business and finances, how the proceeds will be used, and the risks involved. Think of it as a brochure plus rulebook for a specific investment: it gives potential buyers the facts they need to compare offerings and decide whether the return justifies the risk. Investors use it to evaluate value, legal protections, and possible downsides before committing money.

buy-out proceedings regulatory

"the Offeror will initiate statutory Buy-Out Proceedings in accordance with Section 5.13.2"

Buy-out proceedings are the formal steps—legal, regulatory and administrative—used to transfer ownership when one party seeks to purchase most or all of a company’s shares. Investors should care because these proceedings can change who controls the business, affect share price, trigger mandatory cash offers or delisting, and determine how and when existing shareholders are paid; think of it as the paperwork and approvals needed to close a major property sale.

post-closing demerger regulatory

"and will implement the Post-Closing Demerger in accordance with Section 5.13.4"

A post-closing demerger is when, after a corporate deal has been completed, a company separates a portion of its business into an independent entity and transfers ownership or distributes shares in that new entity. For investors, it changes what they actually own and how profits, debts and cash flow are allocated, can reveal hidden value or risks, and may alter share price, dividend eligibility and tax treatment—like turning one house into two separate rental units.

delisted regulatory

"the Shares will be delisted from Euronext Amsterdam on 30 April 2026"

Delisted means a company's shares have been removed from a public stock exchange and are no longer traded on that venue. For investors this matters because it reduces ease of buying or selling the stock, cuts off regular price discovery and exchange oversight, and can signal regulatory or financial problems; it's like a product being pulled from a supermarket shelf and only available through harder-to-find channels.

Euronext Amsterdam regulatory

"the Shares will be delisted from Euronext Amsterdam on 30 April 2026"

Euronext Amsterdam is the national stock exchange in the Netherlands where shares and other securities are bought and sold, like a large, regulated marketplace for ownership in companies. It matters to investors because it provides a transparent place for price discovery and for converting investments into cash—similar to an auction house that sets fair prices—and because listings and rules there affect how easily and safely investors can trade and access Dutch and other European securities.

Dutch Decree on public takeover bids regulatory

"pursuant to the provisions of Section 17, paragraph 4 of the Dutch Decree on public takeover bids"

A Dutch decree on public takeover bids is a set of Dutch legal rules that govern how an offer to buy control of a publicly traded company must be conducted, including who must disclose what, how shareholders are treated, and basic timing and procedural requirements. For investors it matters because these rules shape the fairness, transparency and timeline of any takeover—think of them as traffic rules for corporate buyouts that protect minority shareholders and reduce surprises during a sale process.

Authority for the Financial Markets regulatory

"approved by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten)"

A designated public body or legal power that writes and enforces the rules governing trading, disclosure, and conduct in financial markets. Think of it as the referee and rule-book keeper: it monitors firms and exchanges, investigates wrongdoing, and can impose fines or corrective actions. Investors rely on this authority for fair pricing, truthful information, and reduced fraud risk, so its actions affect market confidence and the value of securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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97.75% of all Shares tendered

This is a joint press release by Keurig Dr Pepper Inc., Kodiak BidCo B.V. and JDE Peet's N.V. pursuant to the provisions of Section 17, paragraph 4 of the Dutch Decree on public takeover bids (Besluit openbare biedingen Wft) (the "Decree") in connection with the recommended public cash offer by Kodiak BidCo B.V. (the "Offeror") for all issued and outstanding ordinary shares in the capital of JDE Peet's N.V. (such offer, the "Offer", such shares, the "Shares" and each holder of such Shares, a "Shareholder"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in JDE Peet's N.V. The Offer is being made only by means of the offer memorandum dated 15 January 2026 (the "Offer Memorandum"), approved by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten). Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum. This press release is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication, or distribution would be unlawful.

BURLINGTON, Mass. and FRISCO, Texas and AMSTERDAM, April 13, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. ("KDP") (NASDAQ: KDP) and JDE Peet's N.V. ("JDE Peet's") (EURONEXT: JDEP) jointly announce that the post-closing acceptance period relating to the Offer (the "Post-Closing Acceptance Period") expired today at 17:40 hours CEST. During the Post-Closing Acceptance Period, 7,821,867 Shares have been tendered under the Offer, representing approximately 1.61% of the Shares and an aggregate value of approximately EUR 249,126,463.95. Together with the 466,712,270 Shares that were already acquired by the Offeror, the Offeror will hold a total of 474,534,137 Shares, representing approximately 97.75% of the Shares and an aggregate value of approximately EUR 15,113,912,263.45.

With reference to the Offer Memorandum, Shareholders who accepted the Offer during the Post-Closing Acceptance Period shall receive the Offer Price for each Tendered Share that is transferred for acceptance pursuant to the Offer during the Post-Closing Acceptance Period, under the terms and conditions of the Offer and subject to its restrictions. Settlement of the Shares tendered during the Post-Closing Acceptance Period shall occur and payment of the Offer Price for each such Share shall be made on 15 April 2026. The Offeror cannot guarantee that Shareholders having tendered their Shares for acceptance will receive the payment on this date.

As a result of the acquisition of more than 95% of the Shares by the Offeror, the Offeror will initiate statutory Buy-Out Proceedings in accordance with Section 5.13.2 (Buy-Out Proceedings) of the Offer Memorandum, and will implement the Post-Closing Demerger in accordance with Section 5.13.4 (Post-Closing Demerger) of the Offer Memorandum. As previously announced it has been decided, in consultation with Euronext, that the last day of trading of the Shares will be on 29 April 2026 and that the Shares will be delisted from Euronext Amsterdam on 30 April 2026.

Announcements

Any announcements contemplated by the Offer Memorandum will be made by press release. Any press release issued by the Offeror will be made available on KDP's website. Any press release issued by JDE Peet's will be made available on JDE Peet's website.

Offer Memorandum; Position Statement

Digital copies of the Offer Memorandum are available on the websites of JDE Peet's and KDP. Digital copies of the Position Statement are available on JDE Peet's website. Copies of the Offer Memorandum will be made available, upon request, free of charge at the offices of JDE Peet's. The websites of JDE Peet's and KDP do not constitute a part of, and are not incorporated by reference into, the Offer Memorandum and the Position Statement.

About Keurig Dr Pepper

Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company with more than 150 owned, licensed and partner brands that meet a wide range of needs and occasions. Our North American refreshment beverage business holds leadership positions across carbonated soft drinks, water, juice and mixers with a portfolio of iconic brands such as Dr Pepper^®, Canada Dry^®, Mott's^®, A&W^®, Peñafiel^®, GHOST^®, 7UP®, Snapple^®, Clamato^® and Core Hydration^®. Our global coffee business spans more than 100 markets and includes the leading Keurig^® single serve brewing system in the U.S. and Canada, along with powerhouse brands such as Peet's, L'OR and Jacobs, and other regional coffee leaders. Our more than 50,000 employees aim to enhance the experience of every beverage and coffee occasion while making a positive impact for people, communities and the planet. Learn more at www.keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram.

For more information:
KDP Media	H/Advisors
Katie Gilroy	Deven Anand
Keurig Dr Pepper
T: 781-418-3345 / PR@kdrp.com	T: 212-371-5999 / deven.anand@h-advisors.global
KDP Investors
Chethan Mallela
Keurig Dr Pepper
T: 888-340-5287 / IR@kdrp.com
JDE Peet's Media	FGS Global
Moustapha Echahbouni	Frank Jansen
Media@jdepeets.com	+31 6 2154 2369
+31 6 2139 1762
JDE Peet's Investors
Robin Jansen
IR@jdepeets.com
+31 6 1594 4569

Notice to Shareholders of JDE Peet's in the United States

The tender offer is being made for the ordinary shares of JDE Peet's, a public limited liability company incorporated under the laws of the Netherlands with ordinary shares listed on Euronext Amsterdam. It is important that U.S. shareholders of JDE Peet's understand that the tender and any related offer documents are subject to Dutch disclosure and procedural requirements, which are different from those of the United States. U.S. shareholders of JDE Peet's are advised that JDE Peet's ordinary shares are not listed on a U.S. securities exchange and that JDE Peet's is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934 (the "Exchange Act"), and is not required to, and does not, file any reports with the Securities and Exchange Commission (the "SEC") thereunder.

The tender offer is being made in the United States in compliance with, and in reliance on, the exemption provided by Rule 14d-1(d), known as "Tier II" exemption, under the Exchange Act and otherwise in accordance with the requirements of Dutch law. Accordingly, the tender offer is subject to certain disclosure and other procedural requirements, including with respect to the tender offer timetable and settlement procedures that are different from those applicable under U.S. domestic tender offer procedures and laws.

The receipt of cash pursuant to the tender offer by a U.S. holder of JDE Peet's ordinary shares will be a taxable transaction for U.S. federal income tax purposes and under applicable state and local, as well as foreign and other tax laws. Each holder of JDE Peet's ordinary shares is urged to consult their independent professional advisor immediately regarding the tax consequences of acceptance of the tender offer.

It may be difficult for U.S. holders of JDE Peet's shares to enforce their rights and claims arising out of the U.S. federal securities laws, since JDE Peet's is located in a country other than the United States, and some or all of its officers and directors may be residents of a country other than the United States. U.S. holders of JDE Peet's may not be able to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of U.S. securities laws. Further, it may be difficult to compel a non-U.S. company and its affiliates to subject themselves to a U.S. court's judgment.

To the extent permissible under applicable law or regulation, including Rule 14e-5 of the Exchange Act, in accordance with normal Dutch practice, JDE Peet's and its affiliates or broker (acting as agents for JDE Peet's or its affiliates, as applicable) may from time to time after the date hereof, and other than pursuant to the tender offer, directly or indirectly purchase, or arrange to purchase, ordinary shares of JDE Peet's that are the subject of the tender offer or any securities that are convertible into, exchangeable for or exercisable for such shares. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. In no event will any such purchases be made for a price per share that is greater than the tender offer price. To the extent information about such purchases or arrangements to purchase is made public in The Netherlands, such information will be disclosed by means of a press release or other means reasonably calculated to inform U.S. shareholders of JDE Peet's of such information. No purchases will be made outside the tender offer in the United States by or on behalf of KDP. In addition, the financial advisors to KDP may also engage in ordinary course trading activities in securities of JDE Peet's, which may include purchases or arrangements to purchase such securities.

Neither the SEC nor any U.S. state securities commission has approved or disapproved the tender offer, passed upon the merits or fairness of the tender offer, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in relation to the tender offer. Any representation to the contrary is a criminal offence in the United States.

Restrictions

The distribution of this press release may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, JDE Peet's and KDP disclaim any responsibility or liability for the violation of any such restrictions by any person. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Neither KDP nor JDE Peet's, nor any of their advisors, assumes any responsibility for any violation of any of these restrictions. Any JDE Peet's shareholder who is in any doubt as to his or her position should consult an appropriate professional advisor without delay.

The information in the press release is not intended to be complete; for further information, reference is made to the Offer Memorandum. This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice or an inducement to enter into investment activity. The Offer is not made, and the Shares will not be accepted for purchase from, or on behalf of, any shareholder, in any jurisdiction in which the making of the Offer or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction or would require any registration, approval or filing with any regulatory authority not expressly contemplated by the terms of the Offer Memorandum.

Forward Looking Statements

Certain statements in this press release may be considered "forward-looking statements," such as statements relating to the impact of this transaction on KDP, JDE Peet's, and the combined business, the contemplated spin-off, future financial targets and results, and expected cost savings and synergies. Forward-looking statements include those preceded by, followed by or that include the words "anticipate," "expect," "believe," "could," "continue," "ongoing," "estimate," "intend," "may," "plan," "potential," "project," "should," "target," "will," "would" and similar words. These forward-looking statements speak only as of the date of this release.

Although KDP and JDE Peet's believe that the assumptions upon which their respective forward-looking statements are based are reasonable, they can give no assurance that these forward-looking statements will prove to be correct. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, (i) risks relating to the completion of the spin-off in the anticipated timeframe or at all; (ii) risks relating to the ability to realize the anticipated benefits of the proposed acquisition and subsequent spin-off; (iii) risks relating to the possibility of regulatory action; (iv) risks relating to significant costs related to the proposed transactions; (v) the expected financial and operating performance and future opportunities following the acquisition and subsequent spin-off; (vi) disruption from the acquisition and subsequent spin-off making it more difficult to maintain business and operational relationships; (vii) diverting KDP's and JDE Peet's respective management from business operations; (viii) risks relating to potential litigation that arises as a result of the proposed transactions; and (ix) risks and uncertainties discussed in KDP's and JDE Peet's press releases and public filings.

Neither KDP nor JDE Peet's, nor any of their advisors, accepts any responsibility for any financial information contained in this press release relating to the business, results of operations or financial condition of the other or their respective groups. Each of KDP and JDE Peet's expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law.

 

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SOURCE Keurig Dr Pepper

FAQ

What did KDP announce on April 13, 2026 about the JDE Peet's offer (KDP)?

KDP announced the post-closing acceptance period expired with total holdings at ≈97.75%. According to KDP, 7,821,867 Shares (≈1.61%) were tendered in that period, bringing the Offeror's aggregate holding to 474,534,137 Shares valued at ≈€15.114 billion.

When will shareholders receive payment for Shares tendered in the post-closing period (KDP)?

Payment is scheduled for 15 April 2026 but not guaranteed on that date. According to KDP, settlement of Shares tendered during the post-closing acceptance period is planned for 15 April 2026, subject to the Offer's terms and possible processing delays.

Will JDE Peet's remain listed after KDP's acquisition (KDP/JDEP)?

No; trading will end and the company will be delisted on 30 April 2026. According to KDP, last day of trading is 29 April 2026 and delisting from Euronext Amsterdam will occur on 30 April 2026.

What happens now that the Offeror owns more than 95% of JDE Peet's shares (KDP)?

The Offeror will start statutory Buy-Out Proceedings and implement a Post-Closing Demerger. According to KDP, these steps follow acquisition of over 95% and aim to transfer remaining Shares and complete the delisting process.

How many Shares and what value were tendered during the post-closing acceptance period (KDP)?

7,821,867 Shares were tendered, about 1.61% of total Shares, valued at ≈€249.13 million. According to KDP, these tenders were accepted under the original Offer's terms and will settle on 15 April 2026.