Keurig Dr Pepper on Monday announced it would buy Dutch company JDE Peet's for 15.7 billion euros ($18.4 billion) in cash, in a bid to create a global coffee heavyweight.
Keurig Dr. Pepper (KDP) on Monday said it has struck a deal to buy JDE Peet's for 15.7 billion euros ($18.4 billion) in cash, then plans to separate its coffee and beverage businesses.
CNBC's Leslie Picker reports on the latest news.
U.S. stock futures fell on Monday following Friday's advances. Futures of major benchmark indices were lower.
Keurig said it plans to separate into two independent, U.S. listed companies and created “the world's #1 pure-play coffee company.”
After its planned acquisition of Dutch coffee company JDE Peet's, Keurig Dr Pepper will split its beverage and coffee units into two separate U.S.-listed firms.
Keurig Dr Pepper on Monday said it will buy Dutch coffee company JDE Peet's for 15.7 billion euros ($18.38 billion).
Acquisition to create global coffee leader serving 100+ countries with an unparalleled brand portfolio across all coffee segments, channels and price points
Acquisition to create global coffee leader serving 100+ countries with an unparalleled brand portfolio across all coffee segments, channels and price points  Subsequent separation to establish a fast
Keurig Dr Pepper Inc. is closing in on a roughly $18 billion deal to acquire the Dutch coffee company JDE Peet's NV, the Wall Street Journal reported late Sunday.
Keurig Dr Pepper is close to a roughly $18 billion deal for European coffee company JDE Peet's , the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Combined company would later separate coffee and beverage units.
PEP and KDP take different paths to growth, which are global scale versus regional focus, shaping their rivalry in the evolving beverage market.
Keurig Dr Pepper is a stable, profitable US beverage company with strong brands and high gross margins, prioritizing profitability over aggressive growth. The acquisition of Ghost is a strategic decis
I maintain my Hold rating on KDP due to ongoing uncertainties in coffee demand, margin pressure, and tariff risks, despite some recent improvements. US Refreshment Beverages showed robust growth and m
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