Jab acquires mondelez's stake in jde peet's and distributes shares to outside investors to significantly increase free float

Luxembourg--(business wire)--jab today announced that it agreed to acquire mondelez's (nasdaq: mdlz) 86 million shares in jde peet's (euronext: jdep) for €25.10 per share. additionally, jab has distributed shares of jde peet's to more than 70 limited partners of jab consumer partners (jcp), significantly increasing the free float of jde peet's. this is the final distribution of jde peet's shares to jcp investors. in aggregate, jab distributed 43 million shares, representing 9% of the total issu.
MDLZ Ratings Summary
MDLZ Quant Ranking