Keurig Dr Pepper plans to acquire JDE Peet's for approximately €15.7 billion

Keurig Dr Pepper has announced its agreement to purchase JDE Peet's for €31.85 per share, totalling approximately €15.7 billion in cash. Keurig Dr Pepper's portfolio includes North America's top single-serve coffee platform, Keurig®, while Peet's offers a global range of coffee brands. Following the acquisition, Keurig Dr Pepper plans to split into two distinct entities: a coffee company and a beverage company.