USA: Green Mountain Coffee to up stake in Keurig, Incorporated to 41%
Green Mountain Coffee (GMC), a leader in the specialty coffee industry, announced today [Thursday] that its wholly-owned subsidiary, Green Mountain Coffee Roasters, will have acquired a larger stake Keurig, Incorporated by the end of this month for approximately US$14.4m. Green Mountain Coffee Roasters completed financing through Fleet National Bank to exercise options on all of the 2,217,859 shares of Keurig granted to the company by Keurig shareholders at an exercise price of US$6.50 per share, including options previously exercised.
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