Renaissancere Holdings Ltd
Change company Symbol lookup
Select an option...
RNR Renaissancere Holdings Ltd
WES Western Midstream Partners LP
EVOJ Evo Acquisition Corp
PPSI Pioneer Power Solutions Inc
SSB South State Corp
CGNT Cognyte Software Ltd
HTH Hilltop Holdings Inc
AXP American Express Co
GEL Genesis Energy LP
DHR Danaher Corp
Go

Financials : Insurance | Mid Cap Blend
Based in Bermuda
Company profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company's products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category. The Property segment consisted of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries and certain joint ventures managed by its ventures unit. The Casualty and Specialty segment consisted of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries and certain joint ventures managed by its ventures unit. Its Other category includes its strategic investments, investments unit, corporate expenses, capital servicing. The Casualty and Specialty segment offers certain casualty insurance products through RenaissanceRe Syndicate 1458 (Syndicate 1458).

Closing Price
$149.32
Day's Change
-2.11 (-1.39%)
Bid
--
Ask
--
B/A Size
--
Day's High
154.02
Day's Low
148.70
Volume
(Heavy Day)
Volume:
439,224

10-day average volume:
365,802
439,224

Keurig Dr Pepper Announces Secondary Offering of Common Stock on Behalf of Mondelez International

4:10 pm ET June 7, 2021 (PR Newswire) Print

Keurig Dr Pepper (NASDAQ: KDP) (the "Company" or "KDP") announced today the commencement of a registered public secondary offering of 28 million shares of the Company's outstanding common stock, on behalf of Mondelez International Holdings LLC ("Mondelez"). Mondelez has also granted the underwriter a 30-day option to purchase up to 4,200,000 additional shares. All of the shares in the offering will be sold by Mondelez. This sale of shares represents approximately 2.0% of the Company's outstanding common stock (or approximately 2.3% assuming full exercise of the underwriter's option to purchase additional shares).

KDP is not selling any shares of common stock and will not receive any proceeds from the offering. Upon completion of the offering, Mondelez will own approximately 6.4% of the Company's outstanding common stock (or approximately 6.1% assuming full exercise of the underwriter's option to purchase additional shares). At this ownership level, Mondelez will retain one of its two board seats.

Goldman Sachs & Co. LLC is acting as the underwriter for the proposed offering.

The offering will be made only by means of an effective registration statement and a prospectus. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com. Copies of the preliminary prospectus supplement and the related prospectus may also be obtained free of charge from the website of the U.S. Securities and Exchange Commission (the "SEC") at http://www.sec.gov.

The Company has previously filed with the SEC a registration statement (including a prospectus) on Form S-3 (File No. 333-233477) and a prospectus supplement, each dated August 27, 2019, as well as a preliminary prospectus supplement for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

KDP ContactsTyson Seely (Investors)T: 781-418-3352/ tyson.seely@kdrp.com

Steve Alexander (Investors)T: 972-673-6769/ steve.alexander@kdrp.com

Katie Gilroy (Media)T: 781-418-3345/ katie.gilroy@kdrp.com

About Keurig Dr Pepper

Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billion and nearly 27,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig(R), Dr Pepper(R), Green Mountain Coffee Roasters(R), Canada Dry(R), Snapple(R), Bai(R), Mott's(R), CORE(R) and The Original Donut Shop(R). Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.

Forward-Looking Statements

Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations. These forward-looking statements can generally be identified by the use of words such as "outlook," "guidance," "anticipate," "expect," "believe," "could," "estimate," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "target," "will," "would," and similar words, phrases or expressions and variations or negatives of these words, although not all forward-looking statements contain these identifying words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements regarding the estimated or anticipated future results of the combined company following the combination of Keurig Green Mountain, Inc. ("KGM") and Dr Pepper Snapple Group, Inc. ("DPS" and such combination, the "transaction"), the anticipated benefits of the transaction, including estimated synergies and cost savings, the long-term merger targets, and other statements that are not historical facts. These statements are based on the current expectations of our management and are not predictions of actual performance.

These forward-looking statements are subject to a number of risks and uncertainties regarding the company's business and the transaction and actual results may differ materially. These risks and uncertainties include, but are not limited to: (i) the impact the significant additional debt incurred in connection with the transaction may have on our ability to operate our business, (ii) risks relating to the integration of the KGM and DPS operations, products and employees into the combined company and assumption of certain potential liabilities of KGM and the possibility that the anticipated synergies and other benefits of the transaction, including cost savings, will not be realized or will not be realized within the expected timeframe, (iii) the impact of the global COVID-19 pandemic, and (iv) risks relating to the businesses and the industries in which our combined company operates. These risks and uncertainties, as well as other risks and uncertainties, are more fully discussed in the Company's filings with the SEC, including our Annual Report on Form 10-K and subsequent filings. While the lists of risk factors presented here and in our public filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Any forward-looking statement made herein speaks only as of the date of this document. We are under no obligation to, and expressly disclaim any obligation to, update or alter any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by applicable laws or regulations.

https://mma.prnewswire.com/media/724482/Keurig_Dr_Pepper_logo.jpg

https://c212.net/c/img/favicon.png?sn=DA03083&sd=2021-06-07

View original content to download multimedia:http://www.prnewswire.com/news-releases/keurig-dr-pepper-announces-secondary-offering-of-common-stock-on-behalf-of-mondelz-international-301307140.html

SOURCE Keurig Dr Pepper

https://rt.prnewswire.com/rt.gif?NewsItemId=DA03083&Transmission_Id=202106071610PR_NEWS_USPR_____DA03083&DateId=20210607

comtex tracking

COMTEX_387951361/1005/2021-06-07T16:10:07

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.