JAB buys out Mondelez's stake in JDE Peet's, increasing majority holding to 68%.

From Investing.com: 2024-10-21 04:15:33

German conglomerate JAB acquires Mondelez’s 17.6% stake in JDE Peet’s for $2.4 billion, increasing its holding to 68%. JAB will pay 25.10 euros per share for 86 million shares. JDE Peet’s appoints Rafael Oliveira as CEO, replacing interim CEO Luc Vandevelde, who stepped down for unforeseen matters. Free float of JDE Peet’s increases to 32%.



Read more at Investing.com: JAB increases majority stake in JDE Peet’s with $2.4 billion buyout of Mondelez’s shares By Reuters