Company sells 1,407,000 shares at $74.98 per share, a 29.81% discount
By Devika Patel
Knoxville, Tenn., March 31 - Keurig Green Mountain Inc. arranged a $105.5 million private placement of stock with Lavazza SpA on March 28, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 1,407,000 common shares at $74.98 apiece. The per-share price represents a 29.81% discount to the March 27 closing share price of $106.83 and is also equal to the price per share of the 16,684,139 shares sold to Atlantic Industries on Feb. 27, the company said in the filing.
The Waterbury, Vt., company sells coffee and coffeemakers.
Issuer: | Keurig Green Mountain Inc.
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Issue: | Common stock
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Amount: | $105,496,860
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Shares: | 1,407,000
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Price: | $74.98
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Warrants: | No
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Investors: | Lavazza SpA
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Settlement date: | March 28
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Stock symbol: | Nasdaq: GMCR
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Stock price: | $106.83 at close March 27
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Market capitalization: | $15.72 billion
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