Keurig Green Mountain stockholders have formally given their approval of JAB Holdings’ acquisition of the Vermont-based coffee supplier.
Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each share of Keurig common stock will be cancelled and converted into the right to receive $92 in cash.
The transaction remains subject to various closing conditions and is expected to close during the first calendar quarter of 2016.
First announced in December, JAB’s acquisition of Keurig is valued at approximately $13.9 billion. At the close of the transaction, Keurig Green Mountain will be privately owned and will continue to be operated independently by the company’s management team and employees and will remain headquartered in Waterbury, VT.