JAB BevCo completes $2.3B secondary offering of 69M Keurig Dr Pepper shares

Keurig Dr Pepper Inc.

Selling stockholder JAB BevCo sold 60M shares plus 9M option shares exercised in full on Oct 29, 2024.
Gross proceeds to JAB BevCo of approximately $2.3 billion; Keurig Dr Pepper received no proceeds.
Underwriting agreement with Morgan Stanley filed as exhibit; 30-day option covered 9M additional shares.
Offering closed October 30, 2024; JAB is a holding company majority-owned by JAB Holding Company s.à.r.l.

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