The American soft drink group Keurig Dr Pepper has launched an $18 billion takeover bid for coffee and tea group JDE Peet’s. This marks the final phase of the planned takeover.
Split into two companies
Keurig Dr Pepper is offering €31.85 per JDE Peet’s share, which corresponds to a market capitalization of €15.56 billion for the coffee company. The board of directors and a majority of shareholders had already agreed to accept the offer, and all competition approvals have been obtained. According to the announcement, the offer period will begin on January 16 and is expected to end on March 27. The deal is expected to be completed in April.
