KEURIG DR PEPPER acquired by JAB BEECH

Announced in December 2015, JAB Holding Company led an investor group that acquired Keurig Green Mountain, the Waterbury-based personal beverage system company, for an enterprise value of , taking the business private. The transaction was structured as a cash merger at a price per share representing a premium of approximately 77.9% over Keurig Green Mountain's closing stock price on December 4, 2015. The agreement had been unanimously approved by Keurig Green Mountain's board of directors. JAB acquired the company alongside strategic minority investors who were already shareholders in Jacobs Douwe Egberts, including Mondelēz International and entities affiliated with BDT Capital Partners. Following the close, Keurig Green Mountain became privately owned and continued to operate independently under its existing management team and employees, remaining headquartered in Waterbury, Vermont. The company was to operate as a separate entity within JAB's global coffee platform, which also included Jacobs Douwe Egberts, Peet's Coffee & Tea, Caribou Coffee, Espresso House and Baresso Coffee. The transaction was not subject to a financing condition and was expected to close during the first calendar quarter of 2016, subject to closing conditions including receipt of regulatory approvals and the affirmative vote of holders of a majority of Keurig Green Mountain's outstanding shares. BofA Merrill Lynch and Credit Suisse provided fairness opinions to Keurig Green Mountain.