Keurig Dr Pepper nears $18 bln deal for JDE Peet’s, WSJ reports

Investing.com-- Keurig Dr Pepper Inc (NASDAQ:KDP) is close to striking a roughly $18 billion deal for European coffee group JDE Peet’s, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

The combined company plans to later split its beverage and coffee units, unwinding the 2018 merger of Keurig and Dr Pepper, the report said.

JDE Peet’s, based in Amsterdam, is valued at about $15 billion, while Keurig Dr Pepper’s market value is about $50 billion, the report added.