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The Coca-Cola Co and Green Mountain Coffee Roasters, Inc. enter into long-term global strategic partnership

Wednesday, 5 Feb 2014 04:28pm EST 

The Coca-Cola Co and Green Mountain Coffee Roasters, Inc:Says the companies have signed a 10-year agreement to collaborate on the development and introduction of The Coca-Cola company's global brand portfolio for use in GMCR's forthcoming Keurig Cold at-home beverage system.Says under the global strategic agreement, GMCR and The Coca-Cola Company will cooperate to bring the Keurig Cold beverage system to consumers around the world.Says under the terms of the equity agreement, The Coca-Cola Company will acquire 16,684,139 newly issued shares in GMCR for about $1.25 bln, which represents an approximate 10 pct ownership in GMCR.Says the investment is expected to close in March 2014.Says BofA Merrill Lynch served as financial advisor to GMCR and Baker & McKenzie LLP is acting as legal advisor. 

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0.52 +1.28%
4:00pm EDT