Joh A. Benckiser Claws Way To Dutch Coffee Squeeze-Out

Law360, New York (September 26, 2013, 10:59 AM EDT) -- After extending its tender offer, German consumer products conglomerate Joh A. Benckiser GmbH now holds more than 95 percent of the shares of gourmet coffee line DE Master Blenders 1753 NV, and said Thursday it expects to close the $10 billion deal soon.

JAB and its co-investors now hold 95.27 percent of shares, cracking the minimum required under Dutch law to squeeze out stragglers and close the transaction, which values DE Master Blenders, a Sara Lee Corp. spinoff, at about €7.5 billion ($10.13 billion).

JAB struck...
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