Reported about 17 hours ago
Keurig Dr Pepper is nearing an approximately $18 billion agreement to acquire the Dutch coffee company JDE Peet's, according to a report by the Wall Street Journal. Following the merger, the companies plan to split their beverage and coffee divisions. JDE Peet's has a market valuation of about $15 billion, while Keurig Dr Pepper is valued at nearly $50 billion. This development comes after JDE Peet's reported strong earnings growth despite high coffee prices.
Source: YAHOO