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Coca-Cola gulps $1.3B Green Mountain stake

Feb 05, 2014 - The Deal Pipeline

Green Mountain Coffee Roasters Inc. is selling nearly 16.7 million shares, or a 10% stake in the company, to the Coca-Cola Co. for about $1.25 billion, the two beverage companies announced Wednesday after the market close.

Green Mountain's stock soared 52.81% in after-hours trading after closing at $80.88, while Coca-Cola's stock was up 0.77% after closing at $37.61 per share.

The newly issued shares are priced at $74.98 per share, equal to the trailing 50-trading-day volume weight...