Keurig Dr Pepper To Sell Its Full Equity Stake In Chobani Back To The Company For $800M; Chobani To Acquire KDP's Manufacturing Facility And Warehouse In Allentown, Pennsylvania For ~$125M
Selling minority investment in Chobani and Pennsylvania facility for $925 million in pre-tax proceedsProceeds to support Keurig Dr Pepper's deleveraging goalsUpdating and expanding long-term commercial relationship
Keurig Dr Pepper is selling its ownership piece in Chobani yogurt for $800 million and a factory for $125 million. The company is using this money to pay down debt, which means it owes less money to banks.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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