Keurig Dr Pepper’s JDE Peet’s Takeover Is Done — Here’s What Happens to Your Shares on April 1

Keurig Dr Pepper (NASDAQ: KDP) has officially declared its public cash offer for JDE Peet’s (Euronext: JDEP) unconditional. The offer period closed on March 27, 2026, with 466,712,270 shares tendered — representing 96.22% of all JDE Peet’s shares, with a total aggregate value of approximately EUR 14.86 billion. Settlement takes place on April 1, 2026, when KDP pays every tendering shareholder EUR 31.85 per share in cash.

Field	Detail
Acquirer	Keurig Dr Pepper Inc. (NASDAQ: KDP) via Kodiak BidCo B.V.
Target Company	JDE Peet’s N.V. (Euronext: JDEP)
Offer Price	EUR 31.85 per share in cash
Shares Tendered	466,712,270 (96.22% of total shares)
Total Deal Value	EUR 14.86 billion (tendered shares) / EUR 15.7 billion total equity
Offer Period Closed	March 27, 2026
Settlement Date	April 1, 2026
Post-Closing Acceptance Period	March 30 – April 13, 2026
Delisting	Euronext Amsterdam — as soon as practicable after settlement
Buy-Out Proceedings	Will be initiated (KDP holds >95%)

Where things stand right now:

• Since the offer has been declared unconditional, KDP and JDE Peet’s will proceed to delist JDE Peet’s shares from Euronext Amsterdam as quickly as permitted under applicable rules.
• Shareholders who did not tender during the main offer period can still do so during the post-closing acceptance period, which runs from March 30 to April 13, 2026, on the same EUR 31.85 per share terms.
• Because KDP now holds more than 95% of JDE Peet’s shares, it will initiate statutory buy-out proceedings to acquire the remaining shares or implement a post-closing legal demerger before doing so.

How KDP’s EUR 31.85 Offer for JDE Peet’s Came Together

KDP and JDE Peet’s entered into a Merger Protocol on August 24, 2025, and KDP commenced the formal tender offer on January 16, 2026. The EUR 31.85 per share price represented a 33% premium to JDE Peet’s 90-day volume-weighted average stock price at the time of announcement.

JDE Peet’s also paid shareholders a separately declared dividend of EUR 0.36 per share on January 23, 2026 — which did not reduce the EUR 31.85 offer price. The minimum acceptance threshold KDP needed to declare the offer unconditional was 95%. It cleared that threshold with 96.22%.

KDP’s longer-term plan involves eventually separating into two U.S.-listed companies — one focused on refreshment beverages and one built around a global coffee business serving more than 100 countries. The JDE Peet’s acquisition is the foundation of that coffee entity.

What JDE Peet’s Shareholders Receive — and What Happens Next to Remaining Shares

Every shareholder who tendered during the offer period receives EUR 31.85 per share in cash on April 1, 2026. There is nothing further to do — payment goes directly through their broker or custodian on settlement date.

Shareholders who did not tender during the main offer period have one remaining option:

• The post-closing acceptance period runs from March 30 to April 13, 2026, on the same terms as the main offer — EUR 31.85 per share in cash.
• Shareholders who tender during the post-closing acceptance period cannot withdraw their shares once submitted.
• Shareholders who do not tender at all will still be subject to the statutory buy-out proceedings KDP intends to initiate, since it now holds more than 95% of all shares.

Under Dutch law, when a buyer holds 95% or more of shares in a listed company, it can compel the remaining minority shareholders to sell at a fair price determined by the courts — a process known as a statutory buy-out (uitkoopprocedure). Alternatively, KDP may implement a post-closing demerger before commencing buy-out proceedings, as outlined in the original Merger Protocol.

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JDE Peet’s Delisting from Euronext Amsterdam

KDP and JDE Peet’s intend to terminate the listing of JDE Peet’s shares on Euronext Amsterdam as soon as practicable after settlement of the tender offer. The exact delisting date has not been confirmed yet, but it will follow the post-closing acceptance period and relevant exchange procedures.

Once delisted, JDE Peet’s shares will no longer trade on any public exchange. Shareholders who have not tendered their shares by then will only be able to exit through the statutory buy-out process initiated by KDP.

Key Dates in the KDP Takeover of JDE Peet’s

Milestone	Date
KDP–JDE Peet’s Merger Protocol Signed	August 24, 2025
Offer Memorandum Published / Offer Launched	January 16, 2026
JDE Peet’s EUR 0.36 Dividend Paid	January 23, 2026
EGM Approves Board Changes	March 2, 2026
Offer Period Closed	March 27, 2026, 17:40 CET
Offer Declared Unconditional	March 27, 2026
Post-Closing Acceptance Period Opens	March 30, 2026, 09:00 CEST
Settlement Date (EUR 31.85 per share paid)	April 1, 2026
Post-Closing Acceptance Period Ends	April 13, 2026, 17:40 CEST
Euronext Amsterdam Delisting	TBD — as soon as practicable after settlement
Statutory Buy-Out Proceedings	TBD

Frequently Asked Questions

I tendered my JDE Peet’s shares. When do I get paid? 

Payment of EUR 31.85 per share goes to all shareholders who tendered during the offer period on April 1, 2026 — the official settlement date. Your broker or custodian handles the credit to your account automatically.

I didn’t tender my JDE Peet’s shares. Can I still get EUR 31.85? 

Yes, but only until April 13, 2026. The post-closing acceptance period runs from March 30 to April 13, 2026, offering the same EUR 31.85 per share price. After that window closes, your remaining option is the statutory buy-out process, where a court determines a fair price — which may differ from the offer price.

What happens if I don’t tender during the post-closing acceptance period either? 

KDP now holds more than 95% of JDE Peet’s shares, which triggers its right under Dutch law to initiate statutory buy-out proceedings. This process allows KDP to compel the sale of your remaining shares at a court-determined fair price. You cannot block the acquisition at this stage.

Will JDE Peet’s still trade on Euronext Amsterdam after April 1? 

Briefly — but not for long. KDP and JDE Peet’s will proceed to delist from Euronext Amsterdam as soon as possible under applicable exchange rules, following the post-closing acceptance period. Once delisted, no public market for the shares will exist.

What is Kodiak BidCo B.V. — is it the same as KDP?

 Yes. Kodiak BidCo B.V. is the Dutch acquisition vehicle KDP set up specifically to make this offer, as required under Dutch takeover law. KDP controls it entirely. All references to “the Offeror” in the official documents refer to this entity acting on behalf of KDP.

What does KDP plan to do with JDE Peet’s after the takeover? 

KDP intends to eventually separate into two independently listed U.S. companies — a global coffee company built on JDE Peet’s and a refreshment beverage company carrying the Dr Pepper and Keurig brands. The timeline for that separation has not been confirmed.

Sources & References

• KDP Official Press Release (March 27, 2026): prnewswire.com/news-releases/keurig-dr-pepper-declares-offer-for-jde-peets-unconditional-302727612.html
• KDP SEC Filing (Form 8-K Pro Forma): sec.gov

Last Updated: March 28, 2026

Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Investment decisions depend on individual circumstances and applicable law. Consult a qualified financial adviser before acting on any information in this article.