How Starboard could build value at Keurig Dr Pepper ahead of its JDE Peet deal
1. Starboard Value has taken a significant position in Keurig Dr Pepper. 2. KDP's merger with JDE Peet's shocked investors, leading to a 25% drop. 3. The merger financing raised concerns with a projected leverage-to-earnings ratio over 5x. 4. Starboard seeks to restore investor confidence after recent share price decline. 5. The timing of activism aligns with JAB's reduced control over KDP.