We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
(MM) | NASDAQ:GMCR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 91.67 | 0 | 01:00:00 |
Coca-Cola Co. said Tuesday it will increase its stake in Keurig Green Mountain Inc. to 16% from 10% as the world's largest beverage company deepens its exposure to coffee and countertop carbonation.
The move comes after it signed an agreement in February to sell its cold drinks through an at-home beverage system being developed by the fast-growing maker of the Keurig single-serve coffee maker.
Under February's partnership, Coke also acquired a 10% stake in Keurig for $1.25 billion and the option to increase its stake up to 16% through open market purchases of Keurig's common stock within 36 months.
In a statement Tuesday, Coke said it has entered an accelerated purchase agreement with Credit Suisse to acquire shares to reach that level.
Write to Mike Esterl at mike.esterl@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Keurig Green Mountain, Inc. Chart |
1 Month Keurig Green Mountain, Inc. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions