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Coca-Cola-Keurig Green Mountain Deal: A Win-Win Situation For Both

Wochit
Wochit
5 years ago|14 views
The Coca-Cola Company became the largest shareholder of the Vermont based K-Cups maker, Keurig Green Mountain, after it announced raising its stake in the company to 16%, earlier this month. As a result, shares of GMCR jumped 7.5% to $119.07. On the other hand, Coca-Cola’s stock rose 0.7% to $41.11. Under an accelerated purchase agreement with Credit Suisse, Coca-Cola beneficially owns about 26 million shares of GMCR, up from 16.7 million as of February 27.