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.
TIL that Dr Pepper owns Keurig.
Also, why do we keep letting giant corporations merge?
“This’ll save $400m!!” “For customers?” “Yea, about that…”