Keurig Green Mountain reached a $13.9 billion deal on Monday to be acquired by an investor group led by JAB Holding.
Keurig will join rival brands Peet’s Coffee & Tea, Stumptown Coffee Roasters and Caribou Coffee, all of which are part of a portfolio of brands owned by JAB.
JAB is paying $92 a share to buy Keurig. It’s a 78% premium over its closing price on Friday.
Keurig has not had a very good bad year, posting a slump in profits and sales. It’s stock had lost half its value up until Friday.
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Keurig said Coca-Cola, which owns a 17% stake in the coffee company, supports the transaction.
Shares of Keurig were inactive in premarket trading on Monday.
