POLAND - 2024/12/08: In this photograph illustration, the Keurig Dr Pepper institution logo is seen displayed connected a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)
Sopa Images | Lightrocket | Getty Images
Keurig Dr Pepper volition get Dutch java and beverage institution JDE Peet's successful a astir $18 cardinal transaction, the 2 companies said Monday.
The woody was archetypal reported by the Wall Street Journal.
Keurig Dr Pepper volition wage JDE Peet's shareholders 31.85 euros ($37.3) per stock successful cash, representing a 33% premium connected the Dutch's firm's 90-day volume-weighted mean banal price, which represents a full equity acquisition of 15.7 cardinal euros ($18.4 billion). JDE Peet's will, meanwhile, wage retired a antecedently declared dividend of 0.36 euros per stock anterior to the woody closing.
Following the acquisition, Keurig Dr Pepper intends to divided up its beverage and java units arsenic 2 separate, U.S.-listed companies.
Such a measurement would efficaciously unwind the 2018 merger betwixt Keurig and Dr Pepper Snapple, which astatine the clip created the third-largest beverage institution successful North America with astir $11 cardinal successful yearly revenues.
This breaking quality communicative is being updated.