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Keurig, maker of single-cup coffee machines, is being sold
Published in 7-12-2015
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Keurig, the maker of single-cup coffee machines that sit on millions of kitchen counters, agreed to sell itself Monday for almost $14 billion. The buyers are an investment group led by JAB Holding Co., a private company with a growing java business. Buying Keurig will get JAB Holding closer to coffee market leader Nestle, said Stifel analyst Mark Astrachan, in a note to clients. Outside of coffee, JAB Holding has stakes in beauty products maker Coty and high-end shoe seller Jimmy Choo.