date:May 08, 2014
hold a majority share in the proposed combined company and will have a majority of the seats on the board. Bart Becht, who currently is chairman of the D.E Master board, will be chairman of J.E.E.
Acorn is owned by an investor group led by JAB Holding Company s.a.r.l. The group, led by Joh. A. Benckiser GmbH in 2013 paid $10 billion to acquire the D.E Master Blenders business that, in 2012, had been spun off by Sara Lee Corp. JAB also had acquired U.S.-based Peets Coffee for about $1 billion an