Keurig Dr Pepper Nears $18B Deal For JDE Peet’s

Keurig Dr Pepper is nearing an $18 billion deal to acquire Dutch coffee giant JDE Peet’s, according to CNBC. The companies plan to split their beverage and coffee divisions after the merger. JDE Peet’s owns brands like L’Or, Tassimo, and Douwe Egberts, and recently raised forecasts after posting consensus-beating half-year earnings. The company is valued at about $15 billion, while Keurig Dr Pepper holds a nearly $50 billion market valuation, according to LSEG data. Keurig Dr Pepper acquired a 60% stake in energy-drink maker Ghost for $990 million last year and plans to buy the remaining share in 2028 to enhance its beverage portfolio.