Keurig sold for $13.9 billion

(FOX BUSINESS) - Keurig Green Mountain agreed to get bought by an investor group led by JAB Holding Co. for $13.9 billion. The deal values Keurig at $92 a share, a 78 percent premium to the coffee company's closing price Friday. Shares of Keurig, known for its single-serve coffee K cups and coffee machines, were halted in premarket trading Monday.

JAB is acquiring Keurig in partnership with strategic minority investors who are already shareholders in Jacobs Douwe Egberts B.V., including Mondelez International and entities affiliated with BDT Capital Partners.

At the close of the transaction, Keurig Green Mountain will be privately owned and will continue to be operated independently by the company's management team and employees. The company's management team and employees will remain in place at the Waterbury, Vt., headquarters.

Consumer