Keurig Green Mountain: Stockholders Approve Merger With JAB Holdings
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WATERBURY, Vermont - Keurig Green Mountain, Inc. ("Keurig") (NASDAQ: GMCR) announced that at a special meeting, Keurig's stockholders formally approved the previously announced merger agreement relating to the proposed transaction between Keurig and a JAB-led investor group. Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each share of Keurig common stock will be cancelled and converted into the right to receive $92.00 in cash.
The transaction remains subject to various closing conditions and is expected to close during the first calendar quarter of 2016.
About Keurig Green Mountain, Inc.
Keurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR) is reimagining how beverages can be created, personalized, and enjoyed, fresh-made in homes and workplaces. We are a personal beverage system company revolutionizing the beverage experience through the power of innovative technology and strategic brand partnerships. With an expanding family of more than 80 beloved brands and more than 575 beverage varieties, our Keurig® hot and Keurig® KOLD™ beverage systems deliver great taste, convenience, and choice at the push of a button. As a company founded on social responsibility, we are committed to using the power of business to brew a better world through our work to build resilient supply chains, sustainable products, thriving communities, and a water-secure world.
For more information visit: www.KeurigGreenMountain.com.
Keurig routinely posts information that may be of importance to investors in the Investor Relations section of its website, www.KeurigGreenMountain.com, including news releases and its complete financial statements, as filed with the SEC. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company's automatic email news release delivery, individuals can receive news directly from Keurig as it is released.