BURLINGTON, Mass. and
PLANO, Texas, May 16, 2019 /PRNewswire/ -- Keurig Dr Pepper
(NYSE: KDP) announced today that Acorn Holdings ("Acorn"), the
majority shareholder of KDP, has communicated to KDP that it
intends to sell a portion of its shares in KDP, increasing the
public float of the Company from approximately 15% currently to
approximately 20%, subject to market conditions, by year-end. Acorn
has also indicated that its decision was motivated by a desire from
KDP management to provide additional liquidity to the market.
Acorn has already agreed to sell approximately 47 million shares
through registered direct sales, which increases the public float
to approximately 18%. Except for this increase to
approximately 20% of the public float, Acorn does not intend to
sell any additional shares of KDP in the foreseeable future.
KDP has filed a registration statement (including a prospectus)
with the SEC for the offering to which this communication relates.
Before you invest, you should read the prospectus in that
registration statement and other documents KDP has filed with the
SEC for more complete information about the issuer and this
offering. You may get these documents for free by visiting EDGAR on
the SEC website at www.sec.gov. Alternatively, KDP will arrange to
send you the prospectus if you request it by calling toll-free
1-781-418-7000 or visiting KDP's Investor Relations website at
http://investors.keurigdrpepper.com.
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading coffee and beverage company
in North America, with annual
revenue in excess of $11 billion. KDP
holds leadership positions in soft drinks, specialty coffee and
tea, water, juice and juice drinks and mixers, and markets the #1
single serve coffee brewing system in the U.S. The Company
maintains an unrivaled distribution system that enables its
portfolio of more than 125 owned, licensed and partner brands to be
available nearly everywhere people shop and consume beverages. With
a wide range of hot and cold beverages that meet virtually any
consumer need, KDP key brands include Keurig®, Dr Pepper®, Green
Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's® and
The Original Donut Shop®. The Company employs more than 25,000
employees and operates more than 120 offices, manufacturing plants,
warehouses and distribution centers across North America. For more information, visit
www.keurigdrpepper.com.
Investors
Tyson Seely
T: 781-418-3352/ tyson.seely@kdrp.com
Steve Alexander
T: 972-673-6769/ steve.alexander@kdrp.com
Media
Katie Gilroy
T: 781-418-3345/ katie.gilroy@kdrp.com
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SOURCE Keurig Dr Pepper