NasdaqGS:KDPBeverage
Keurig Dr Pepper Reshapes Portfolio With JDE Peet’s Deal And Breakup Plan
Keurig Dr Pepper has completed the roughly $25b acquisition of JDE Peet’s, adding more than 50 coffee brands to its portfolio.
The company plans to split the combined business into two US listed entities, one focused on beverages and the other on coffee.
A leadership reshuffle is underway, with new executives appointed to lead each future company.
For investors watching NasdaqGS:KDP, this reshaping of the business comes after a challenging share price run. The stock trades at $26.33, with...