03:26 AM EDT, 10/29/2024 (MT Newswires) -- Keurig Dr Pepper ( KDP ) said late Monday a subsidiary of JAB Holding will sell 60 million shares of the beverage company's stock in a proposed public offering.

JAB has granted the underwriter a 30-day option to purchase up to 9 additional million shares.

After the offering, JAB will own about 16.5% of Keurig Dr Pepper ( KDP ) shares, or 15.8% if the underwriter exercises its option fully, the company said.

Keurig Dr Pepper ( KDP ) shares fell nearly 4% in after-hours activity Monday.

Price: 32.56, Change: -1.30, Percent Change: -3.85