Keurig Dr. Pepper’s announces distribution of shares by largest shareholder, move to the Nasdaq exchange

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Keurig Dr. Pepper Inc. said Tuesday that Maple Holdings B.V., the beverage company’s largest shareholder, intends to distribute about 76 million shares it currently holds. Maple, which is a subsidiary of JAB Holdings B.V., and owned about 695.9 million shares as of an Aug. 19 filing, said the distribution represents about 5.4% of Keurig’s shares outstanding. The minority investors involved in the deal include affiliates of BDT Capital Partners, affiliates of Quadrant Capital Advisors and most of the investors in the JCF Consumer Fund. Separately, said it will transfer the listing of its stock to the Nasdaq Stock Market from the New York Stock Exchange, with trading on Nasdaq expected to begin Sept. 21. The stock’s ticker symbol will remain “KDP.” The stock, which was still inactive in premarket trading, has gained 3.9% over the past three months, while the S&P 500 has tacked on 6.0%.
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