Keurig Dr Pepper falls premarket on $18.4 bn JDE Peet’s deal
Keurig Dr Pepper shares slid 3.2% premarket after announcing an $18.4 billion takeover of Dutch coffee giant JDE Peet's and a major reorganisation. The company will split into Global Coffee Co. ($16 billion sales) and Beverage Co. ($11 billion sales), led by its CFO and CEO. The 31.85€/share deal is a 20% premium to JDE's last close.