Keurig Dr Pepper Inc. (NASDAQ: KDP) announced that its acquisition offer for JDE Peet's N.V. has reached 97.75% of all outstanding shares following the completion of a post-closing acceptance period that expired April 13.

During the post-closing acceptance period, an additional 7,821,867 shares were tendered, representing approximately 1.61% of JDE Peet's shares with an aggregate value of approximately €249.1 million. Combined with previously acquired shares, Kodiak BidCo B.V., the acquisition vehicle, now holds 474,534,137 shares valued at approximately €15.1 billion.

Settlement for shares tendered during the post-closing period will occur on April 15, 2026, according to the companies' joint statement.

The acquisition exceeding 95% ownership triggers statutory buy-out proceedings under Dutch law. JDE Peet's shares will cease trading on Euronext Amsterdam on April 29, 2026, with delisting scheduled for April 30, 2026.

The companies plan to implement a post-closing demerger as outlined in the offer memorandum dated January 15, 2026, which was approved by the Dutch Authority for the Financial Markets.

Keurig Dr Pepper, based in Burlington, Massachusetts and Frisco, Texas, operates as a beverage company in North America with annual revenue exceeding $16 billion. JDE Peet's, headquartered in Amsterdam, describes itself as a coffee company with presence in more than 100 markets and 2025 sales of €9.9 billion.