KDP sets deadline for JDE Peet’s shareholders to transfer remaining shares
Remaining shareholders will receive €31.85 per share plus statutory interest, with untransferred shares moving through the Dutch squeeze-out process.
NETHERLANDS – Keurig Dr Pepper (KDP) has set 16 October 2026 as the deadline for remaining JDE Peet’s shareholders to voluntarily transfer their shares to the beverage and coffee group, following a ruling by an Amsterdam court establishing the price for the outstanding shares.
The deadline follows a 29 September ruling by the Enterprise Chamber of the Amsterdam Court of Appeal, which ordered remaining JDE Peet’s shareholders to transfer their shares to KDP.
The court determined that the fair price is €31.85 per share, plus statutory interest calculated from 1 April 2026 until the date the shares are transferred or consigned.
Shareholders opting for voluntary transfer must complete the process by 15:00 Central European Time on 16 October. KDP said it would not reimburse brokerage fees, bank charges or other costs associated with the transfer.
Shares not voluntarily transferred by the deadline will be handled through the statutory squeeze-out process. KDP will deposit €31.85 per share, together with accrued statutory interest, with the Dutch consignment office. Ownership of the outstanding shares will then transfer to KDP by operation of law.
Euroclear Nederland will facilitate payment of the squeeze-out price and accrued interest to remaining shareholders through the consignment procedure.
The ruling marks another step in KDP’s acquisition of JDE Peet’s, bringing the international coffee company’s portfolio further into the group’s global operations.
JDE Peet’s operates in more than 100 markets and reported €9.9 billion in total sales in 2025, employing more than 21,000 people worldwide. Its portfolio includes brands such as Peet’s, L’OR and Jacobs.
KDP also operates the Keurig single-serve brewing system across the United States and Canada.
KDP has also appointed Kimberly-Clark executive Russ Torres as chief executive of its coffee division. Torres is due to join the company on 3 November and will lead the integration of KDP’s and JDE Peet’s coffee operations.
He will report to KDP chief executive Tim Cofer, who is expected to lead the beverage business following the planned separation.
KDP acquired JDE Peet’s for approximately US$18 billion in 2025, with plans to separate its coffee operations into an independent business, Global Coffee Co.
The planned coffee business is expected to generate around US$16 billion in annual revenue from brands including Keurig, Peet’s and Green Mountain Coffee Roasters.
The separation forms part of KDP’s broader strategy to establish distinct beverage and coffee businesses, while integrating JDE Peet’s international operations with its existing coffee portfolio.
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