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AI brief of an SEC Form 8-K · Keurig Dr Pepper (KDP)

Keurig Dr Pepper completes JDE Peet's acquisition with 96.22% of shares tendered

Neutral Impact 5 of 5 m&a Written later

Keurig Dr Pepper said its subsidiary Kodiak BidCo paid €31.85 per share in cash on April 1, 2026 for JDE Peet's shares tendered by March 27, 2026, with total consideration of about €14.86 billion. The deal was funded partly by $4.5 billion of newly issued convertible preferred stock and a $4 billion joint venture investment in the Pod Manufacturing JV, and the company terminated its $364-day bridge credit facility on March 30, 2026.

Key points

  • Kodiak BidCo paid €31.85 per share in cash, with 466,712,270 shares (96.22%) tendered as of March 27, 2026, for about €14.86 billion in total consideration
  • Company issued 4,500,000 Series A Convertible Perpetual Preferred shares at $1,000 each for $4.5 billion on March 30, 2026
  • Investor partner contributed about $4 billion to the Pod Manufacturing JV for a 49% interest, and the $364-day bridge credit agreement was terminated March 30, 2026
  • Post-closing acceptance period runs to April 13, 2026; JDE Peet's shares are expected to stop trading on April 29, 2026 and be delisted on April 30, 2026

The filing

CompanyKeurig Dr Pepper (KDP)
Form8-K, current report
Filed with the SECApr 1, 2026, 6:40 AM ET
Accession number0001193125-26-135642

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.01 Acquisition or Disposition Completed3.02 Unregistered Equity Sale5.03 Bylaw / Charter Amendment7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.