JAB Strengthens Hold On Coffee Company JDE Peet's As Mondelez Sells Off 86M Shares

Mondelez International, Inc. (NASDAQ:MDLZ) shares are trading lower on Monday. The company agreed to sell 86 million shares of JDE Peet’s to JAB for 25.10 euros ($27.16) per share.

In addition, JAB has distributed shares of JDE Peet’s to over 70 limited partners of JAB Consumer Partners (JCP), notably increasing the free float of JDE Peet’s. This marks the final distribution of JDE Peet’s shares to JCP investors.

JAB is an investment holding company that invests in insurance and consumer-focused industries with attractive long-term ...