Keurig Dr Pepper (KDP) and JDE Peet's said Friday that a takeover bid has succeeded after 96.2% of shares were tendered, valuing the deal at about 14.9 billion euros ($17.12 billion).
The companies said all conditions have been met and the offer is now unconditional, with settlements set for April 1.
Remaining shareholders can still tender shares between March 30 and April 13, the companies said, adding that after completion, JDE Peet's will be delisted from Euronext Amsterdam, and the buyer plans to acquire remaining shares through a buyout process.
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