Keurig Dr Pepper Stock Tumbles After Peet’s Coffee Deal. Here’s Why.

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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