Author: Editor

Keurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s in a roughly $18 billion deal that could give a boost to the U.S. giant’s struggling coffee business, the two companies said Monday.Shares of Keurig Dr Pepper fell roughly 8% in early trading, while shares of JDE Peet’s climbed 17%, on pace for its best day ever.The deal was first reported by the Wall Street Journal.Keurig Dr Pepper will pay JDE Peet’s shareholders 31.85 euros ($37.3) per share in cash, representing a 33% premium on the Dutch’s firm’s 90-day volume-weighted average stock price, which represents a total equity…