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.
