JAB to Buy Mondelez’s Stake in JDE Peet’s for $2.3 billion (4)

Investment firm JAB agreed to acquire Mondelez International Inc.’s stake in JDE Peet’s NV for €2.16 billion ($2.3 billion), increasing its control over the struggling coffee maker as its shares trade near all-time lows.

JAB, which manages the billionaire Reimann family’s money, said it will buy 86 million shares in JDE Peet’s for €25.10 per share, according to a statement, a 32% premium on Friday’s close.

On Monday shares in JDE Peet’s, which also announced a new chief executive, rose as much as 16%.

JAB has struggled to lift the Douwe Egberts maker’s shares since a listing four years ...