JAB Seeks Up to $2.5 Billion in Keurig Dr Pepper Share Sale (1)

JAB Holding Co. is seeking to raise as much as $2.5 billion from the sale of a block of Keurig Dr Pepper Inc. shares, according to people familiar with the matter.

A subsidiary of the investment firm backed by the billionaire Reimann family is marketing about 87 million shares for $29.10 to $29.25 each, the people said, asking not to be identified as the information is private.

The range would represent a discount of 2.2% to 2.7% versus KDP’s closing price Thursday, according to data compiled by Bloomberg. Shares of the beverage company closed at $29.91 each on Thursday.

A ...