WATERBURY, Vt.--(BUSINESS WIRE)--
Keurig Green Mountain, Inc. ("Keurig") (NASDAQ: GMCR) announced that at
a special meeting today, Keurig's stockholders formally approved the
previously announced merger agreement relating to the proposed
transaction between Keurig and a JAB-led investor group. Subject to the
terms and conditions of the merger agreement, at the effective time of
the merger, each share of Keurig common stock will be cancelled and
converted into the right to receive $92.00 in cash.
The transaction remains subject to various closing conditions and is
expected to close during the first calendar quarter of 2016.
About Keurig Green Mountain, Inc.
Mountain, Inc. (Keurig) (NASDAQ: GMCR) is reimagining how beverages can
be created, personalized, and enjoyed, fresh-made in homes and
workplaces. We are a personal beverage system company revolutionizing
the beverage experience through the power of innovative technology and
strategic brand partnerships. With an expanding family of more than 80
beloved brands and more than 575 beverage varieties, our Keurig® hot and
Keurig® KOLD™ beverage systems deliver great taste,
convenience, and choice at the push of a button. As a company founded on
social responsibility, we are committed to using the power of business
to brew a better world through our work to build resilient supply
chains, sustainable products, thriving communities, and a water-secure
For more information visit: www.KeurigGreenMountain.com.
Keurig routinely posts information that may be of importance to
investors in the Investor Relations section of its website, www.KeurigGreenMountain.com,
including news releases and its complete financial statements, as filed
with the SEC. The Company encourages investors to consult this section
of its website regularly for important information and news.
Additionally, by subscribing to the Company's automatic email news
release delivery, individuals can receive news directly from Keurig as
it is released.
Certain information in this press
release constitutes "forward-looking statements." Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical or current facts. They often include words such
as "believes," "expects," "anticipates," "estimates," "intends,"
"plans," "seeks" or words of similar meaning, or future or conditional
verbs, such as "will," "should," "could," "may," "aims," "intends," or
"projects." However, the absence of these words or similar expressions
does not mean that a statement is not forward-looking. These statements
may relate to risks or uncertainties associated with: the satisfaction
of the conditions precedent to the consummation of the transaction,
including, without limitation, the receipt of regulatory approvals;
unanticipated difficulties or expenditures relating to the transaction;
legal proceedings, judgments or settlements, including those that may be
and have been instituted against Keurig, its board of directors,
executive officers and others following the announcement of the
transaction; disruptions of current plans and operations caused by the
announcement and pendency of the transaction; potential difficulties in
employee retention due to the announcement and pendency of the
transaction; the response of customers, distributors, suppliers,
business partners and regulators to the announcement of the transaction;
and other factors described in Keurig's annual report on Form 10-K for
Keurig's fiscal year ended September 26, 2015 filed with the SEC, as
amended. Keurig can give no assurance that the expectations expressed or
implied in the forward-looking statements contained herein will be
attained. The forward-looking statements are made as of the date of this
communication, and Keurig undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date hereof.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160224006330/en/
For Keurig Green Mountain, Inc.
Frank, Wilkinson Brimmer Katcher
Averell Withers, 212-355-4449
Kristi Bonner, 646-762-8095
Source: Keurig Green Mountain, Inc.
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