Reported about 8 hours ago
JAB Holding Co. is looking to raise up to $2.4 billion by selling a 5.4% stake in Keurig Dr Pepper Inc., offering 73 million shares priced between $32.80 and $33 each. This sale will leave JAB with approximately 10.7% ownership of the company, with the offer reflecting a discount to the recent closing stock price. After the sale, three board members affiliated with JAB will resign.
Source: YAHOO