Keurig Merger; Orsted Wind Farm Blocked; Verint Deal
On this episode of Stock Movers:- Keurig Dr Pepper (KDP) shares are lower after it agreed to buy JDE Peet’s NV for €15.7 billion to bolster its struggling coffee business. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement. Keurig Dr Pepper plans to separate its coffee and beverage units into two independent, US-listed companies once the deal is completed, with Chief Executive Officer Tim Cofer saying “We are seizing an exceptional opportunity to create a global coffee giant.”-…
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