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Keurig Dr Pepper Launches €15.7 Billion Bid for JDE Peet's With Plan to Split Company After Closing

The offer has backing from holders representing about 69% of JDE Peet's shares.

Overview

  • Keurig Dr Pepper is offering €31.85 in cash per JDE Peet's share, valuing the deal at €15.7 billion, with the already declared €0.36 dividend preserved.
  • JAB Holding and certain JDE Peet's executives have agreed to tender their stakes, providing pre-commitments covering roughly 69% of the company.
  • KDP presents the takeover as a move to create a global coffee leader and to strengthen its underperforming coffee business.
  • Following completion, the combined operations are slated to be separated into two U.S.-listed companies, one focused on coffee and the other on beverages.
  • Closing is targeted for the first half of 2026 subject to shareholder and regulatory approvals, and JDE Peet's shares rose sharply after the announcement.