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Keurig Dr Pepper Inc. announced an $18 billion all-cash deal to acquire Dutch-based JDE Peet’s NV on Monday, in a major bet on coffee for the U.S. drinks giant, whose shares been struggling for years.
Upon completion of the deal, KDP plans to split into two separate U.S.-listed companies, Beverage Co., aimed at North America’s refreshment beverages market and Global Coffee Co., a pure-play coffee company.
The Wall Street Journal initially reported on the deal on Sunday.
This post was originally published on Market Watch
