The Stock Market Hates Keurig Dr Pepper’s Deal for Peet’s Coffee. Here’s Why.

Published 2 months ago Negative
The Stock Market Hates Keurig Dr Pepper’s Deal for Peet’s Coffee. Here’s Why.
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Keurig Dr Pepper plans to acquire Dutch tea and coffee giant JDE Peet and then split into two public companies. Keurig Dr Pepper stock plunged 11.5% on Monday after the $18 billion deal was announced, and another 5.6% on Tuesday. The stock will likely stay under pressure in the near-to-intermediate term as the market wrestles with the surprising move, UBS analyst Peter Grom wrote in a Tuesday note.

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