A PYMNTS Company

Netherlands: Shares rise on news of $9.7B coffee co buyout

By  |  March 28, 2013
Netherlands: Shares rise on news of $9.7B coffee co buyout

The spin-off coffee and tea company of Sara Lee Corp. has announced it is currently in negotiation talks to be bought out by investment firm JAB for $9.7 billion. DE Master Blenders, based in Amsterdam, made the announcement on Thursday as shares for the company shot up in the wake of the news. JAB had previously upped its ownership in Master Blenders to more than 15 percent last October. The deal would mark yet another addition to JAB’s coffee endeavors following its acquisition of Peet’s Coffee and Tea Inc. for $1 billion as well as the Caribou Coffee Co. for $340 million, both of which occurred last year.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.