Keurig Dr Pepper Slides In Premarket After Announcing $18 Billion JDE Peet's Acquisition

ToplineKeurig Dr Pepper announced it will acquire coffee and tea firm JDE Peet’s in a deal worth around $18.3 billion, and the combined entity will then split its coffee and beverage businesses, in a move that comes amid rising coffee bean prices due to tariffs.After the merger Dr Pepper and other soft drink brands owned by Keurig Dr Pepper will be split from the coffee business.Getty ImagesKey FactsAccording to Keurig Dr Pepper’s announcement, the acquisition is an all-cash deal where the beverage giant wi ...