Keurig-JAB Deal Gets Nod from Canada

Regulatory approval clears way to acquisition
Posted on February 26, 2016 by David Gill

Keuriglogo3x2WATERBURY, Vt.-JAB Holdings’ proposed acquisition of Keurig Green Mountain has received regulatory clearance from Canada’s government under its Competition Act.

The two companies expect to close the acquisition “as soon as reasonably practicable, subject to the satisfaction of any remaining conditions,” said a Keurig statement.

When the transaction closes, JAB will acquire Keurig for $13.9 billion, or $92 a share. Yesterday, Keurig announced that its shareholders had voted to approve the acquisition.