US EditionBurlington-Based KDP to Buy Peet’s Coffee Parent for $18B
Keurig Dr Pepper aims to save $400 million over three years by creating two focused companies, one for coffee with $16 billion sales and one for cold beverages.
- Keurig Dr Pepper has agreed to buy Dutch coffee firm JDE Peet's for $18.4 billion .
- After the merger, the companies plan to split into two US-listed firms- one focused on coffee brands and the other on soft drinks.
- The deal values JDE Peet's shares at €31.85 apiece, about 20% higher than before reports of the deal circulated.
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Douwe Egberts' parent company, JDE Peet's, is being acquired by Keurig Dr Pepper. This move fits the trend of acquisitions in the sector, where economies of scale are important. The share price soared after the announcement.
·Netherlands
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The Billings Gazette+23 Reposted by 23 other sources
Dr Pepper buys Peet's for $18 billion, will split into separate companies
The agreement will essentially unwind the 2018 merger of Keurig and Dr. Pepper and arrives at a time when Trump's trade wars threaten to send coffee prices soaring.
·Billings, United States
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Total News Sources49
Leaning Left9Leaning Right0Center27Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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