NasdaqGS:KDPBeverage
Keurig Dr Pepper Reshapes Coffee Exposure With JDE Peet’s Deal And Split
Keurig Dr Pepper (NasdaqGS:KDP) plans to acquire JDE Peet's in a transformational coffee deal.
The combined coffee business is expected to be split into two listed companies, Beverage Co. and Global Coffee Co.
Management expects the transaction to create a leading pure play coffee platform with meaningful cost synergies.
Keurig Dr Pepper, trading at $28.19, is moving ahead with one of the most ambitious restructurings in its history as it pursues the JDE Peet's acquisition. The share price...