JDE Peet's stock soars on $18 billion KDP takeover
Shares in JDE Peet's JDEP.AS jump as much as 17.8% on the agreement that Keurig Dr Pepper KDP.O will acquire JDE Peets in an all cash offer of $18 billion
The offer price implies a 20.2% premium to yesterday's closing price, KBC Securities says
"We believe the acquisition of JDE Peet's by KDP makes sense," KBC notes and expects the closing to occur in the first half of 2026
ING says the deal is expected to generate $400 million cost synergies and will create the "largest pure-play coffee company" with sales of $16 billion
Neither broker sees regulatory approval being an issue seeing the fragmented coffee market and JDE Peets' limited U.S. market share
At 07:43 GMT, shares in JDE Peets are trading up 17.4% to its highest price in almost three years
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