Keurig-JAB Deal Gets Nod from Canada
Posted on February 26, 2016 by
WATERBURY, 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.