Keurig Dr Pepper Near $18 Billion Deal For JDE Peet’s
Combined company would later separate coffee and beverage units
Keurig Dr Pepper KDP -0.18%decrease; red down pointing triangle is close to a roughly $18 billion deal for European coffee company JDE Peet’s, according to people familiar with the matter.
The combined company plans to later separate its beverage and coffee units, the people said, essentially unwinding the 2018 merger that brought together Keurig and Dr Pepper.
There are no guarantees a deal will come together, as discussions could always fall apart.
JDE Peet’s, based in Amsterdam, has a market value of around $15 billion. Keurig Dr Pepper’s is around $50 billion.
Dr Pepper continues to be a popular soda. Keurig Dr Pepper also owns 7UP and Snapple and recently purchased energy drink maker Ghost. Keurig Dr Pepper’s coffee business has long struggled, as competition among coffee companies has heated up.