01—Abstract
Summary
Summary of the 8-K filed January 3, 2025. Cited figures are marked; the original filing is the authoritative source.
Keurig Dr Pepper Inc. (KDP) reported in this Form 8-K, dated December 31, 2024 and signed January 3, 2025, under Item 8.01 (Other Events), that its wholly owned subsidiary, The American Bottling Company (ABC), closed the previously announced series of transactions to acquire 60%a of the issued and outstanding equity interests of GHOST Lifestyle LLC and its subsidiaries, including Ghost Beverages, LLC.
The closing took place on December 31, 2024. In connection with the closing, ABC entered into an Amended and Restated Merger Agreement with Ghost Beverages and other parties, and an Amended and Restated Contribution and Merger Agreement with Ghost Lifestyle and other parties. The filing states these amendments implement certain minor changes to the original agreements.
The filing does not disclose purchase price, financing terms, or financial results of the acquired business. It includes standard forward-looking statements cautioning that actual results may differ materially and referring investors to the risks described in the Company's Form 10-K and subsequent SEC filings.
02—Key points
Key Highlights
- On December 31, 2024, ABC, a wholly owned subsidiary of KDP, closed the acquisition of 60% of the equity interests of GHOST Lifestyle LLC and its subsidiaries.
- The acquired subsidiaries include Ghost Beverages, LLC.
- The transaction was completed as a series of transactions that had been previously announced.
- ABC entered into Amended and Restated Merger Agreement and Amended and Restated Contribution and Merger Agreement in connection with the closing.
- The amended agreements implement certain minor changes to the original agreements, according to the filing.
- The filing is reported under Item 8.01 (Other Events) and does not disclose purchase price or financial terms.
03—Questions
Frequently Asked Questions
What did Keurig Dr Pepper acquire?
Through its wholly owned subsidiary The American Bottling Company, KDP acquired 60% of the issued and outstanding equity interests of GHOST Lifestyle LLC and its subsidiaries, including Ghost Beverages, LLC.
When did the acquisition close?
The filing states the closing occurred on December 31, 2024.
Were the acquisition agreements changed?
Yes. In connection with the closing, ABC entered into Amended and Restated Merger Agreement and Amended and Restated Contribution and Merger Agreement, which the filing describes as implementing certain minor changes.
What is the purchase price or financial impact?
This filing does not state the purchase price, financing arrangements, or financial results of the acquired business.
What risks should investors consider?
The filing refers investors to the risk factors in KDP's Annual Report on Form 10-K and subsequent SEC filings, noting that actual results may differ materially from forward-looking statements.
04—Continue