Aug 25 (Reuters) - U.S. soft drinks giant Keurig Dr Pepper is set to create a global coffee giant to rival market leader Nestle with an $18 billion takeover of JDE Peet’s , Europe’s largest acquisition in more than two years.
The deal, announced on Monday and offering a 20% premium to JDE Peet’s closing market price on Friday, proposes splitting the merged entity’s coffee operations and other beverage businesses into two separate publicly U.S.-listed companies, as the Dutch company would be delisted from the Amsterdam stock exchange.
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TIL that Dr Pepper owns Keurig.
Also, why do we keep letting giant corporations merge?
“This’ll save $400m!!” “For customers?” “Yea, about that…”