Keurig Dr Pepper to Acquire JDE Peet's and Subsequently Separate into Two Independent Companies – a Leading Refreshment Beverage Player and a Global Coffee Champion
1. KDP to acquire JDE Peet’s for €15.7 billion in cash. 2. Merger expected to create the world's largest pure-play coffee company. 3. Separation into two companies to enhance focus and growth strategies. 4. KDP anticipates $400 million in cost synergies over three years. 5. The deal marks a significant increase in KDP's coffee market share.