Keurig Dr Pepper wins squeeze-out ruling for JDE Peet's

On 29 September 2026, the Enterprise Chamber of the Court of Appeal in Amsterdam ruled in favor of Kodiak BidCo B.V., an indirect wholly owned subsidiary of Keurig Dr Pepper. The court issued its judgment in statutory squeeze-out proceedings to acquire all shares of JDE Peet's that Keurig Dr Pepper does not already own.

The Enterprise Chamber ordered all remaining unknown JDE Peet's shareholders to transfer unencumbered title to their shares to Keurig Dr Pepper. The court ruled that the public offer price of EUR 31.85 per share represents a fair price. Keurig Dr Pepper must also pay statutory interest calculated from 1 April 2026 until the transfer or consignment date pursuant to article 2:201a of the Dutch Civil Code.

Shareholders may complete a voluntary transfer through their bank or broker via Euroclear Nederland before 16 October 2026 at 15:00 CET. Keurig Dr Pepper will pay EUR 31.85 per share plus statutory interest on 19 October 2026 for shares transferred by that deadline. Keurig Dr Pepper will not reimburse brokerage or bank fees.

For shares not tendered during the voluntary period, Keurig Dr Pepper will deposit EUR 31.85 per share plus accrued statutory interest with the Dutch consignment office of the Dutch Ministry of Finance. Following the consignment, legal title to the remaining shares will transfer directly to Keurig Dr Pepper.