Keurig Green Mountain Inc. will be acquired by a JAB Holding Co.-led investor group for about $13.9 billion in cash, bringing a windfall to shareholders after more than a year of watching the stock get battered.
Keurig, a maker of single-serve coffee brewers, will be privately owned and independently operated following the buyout, according to a statement Monday. The purchase price of $92 a share is 78 percent higher than the company’s closing price on Friday. When compared with the stock’s 20-day average, the premium is 89 percent -- the largest in beverage-industry history for any acquisition above $5 billion, according to data compiled by Bloomberg.