Keurig Dr Pepper Said Near $18 Billion Deal for JDE Peet’s (3)

Keurig Dr Pepper Inc. is close to a deal to acquire European coffee company JDE Peet’s NV for about $18 billion, according to a person familiar with the matter, as the company works to boost its struggling coffee business.

A deal may be announced as soon as Monday, said the person, who asked to not be identified because the discussions are private.

The combined company will later separate its beverage and coffee operations, essentially undoing the 2018 deal that combined Keurig and Dr Pepper, according to the Wall Street Journal, which first reported the talks on Sunday.

A Peet’s Coffee & Tea store in San Francisco.

Photographer: David Paul Morris/Bloomberg

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