Dive Summary:
- JAB, the investment firm representing Germany's wealthy Reimann family, has made an offer for D.E Master Blenders 1753 coming in at nearly $10 billion.
- D.E Master Blenders 1753 is a leading European coffee producer that was recently spun off from Sara Lee Corp.
- DEMB is third in the world in terms of global coffee sales, trailing Kraft and Nestle with $4 Billion in annual sales.
From the article:
The offer for D.E Master Blenders (DEMB) is € 12.75 per share. The coffee company’s board allowed JAB and its advisers to conduct due diligence, while DEMB also evaluates JAB's non-binding proposal. JAB already owns a 15 percent stake in DEMB.
