JAB Holding to acquire 86M Mondelez shares, boosting stake in JDE Peet's for $2.4B.

JAB Holding Company plans to increase its stake in JDE Peet's by acquiring 86 million shares of Mondelez for €25.10 per share, totaling $2.4 billion. This strategic move underscores JAB's commitment to expanding its presence in the coffee sector through JDE Peet's, which is a significant player in the market.

October 21, 2024
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