New York - Keurig, the maker of single-cup coffee machine maker, said Monday that it has agreed to be sold to private equity firm JAB Holding Co. for almost $14 billion.

Its shares rose more than 74 percent in premarket trading Monday.

Keurig has been dealing with slowing sales of its machines and K-cups, the coffee-filled pods that are used in the coffee makers. Sales of K-cups, which accounted for more than 80 percent of Keurig revenue, rose 1 percent to $3.6 billion in the year ending September 26. Sales of its machines fell 23 percent to $632.6 million in the same period.

Its stock has suffered too, falling nearly 61 percent since the beginning of the year. In fact, the stock was the seventh-worst performing stock on the Standard & Poor’s 500 index for the year.... Read More: VIN