Keurig Dr Pepper to buy JDE Peet’s

- Reuters

NEW YORK: Keurig Dr Pepper Inc agrees to buy JDE Peet’s NV for €15.7bil (US$18.4bil) in an overhaul that will see it split the coffee business from other beverage operations only a few years after a deal that combined them.

The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug 22, according to a statement yesterday.

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Keurig Dr Pepper , JDE Peet , acquisition , coffee , beverage , retail

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