Deals
Keurig to Take Control of Dr Pepper in $18.7 Billion Deal
- Investors in the soft-drink company will get $103.75 a share
- They will also retain about 13 percent of the combined entity
Keurig Green Mountain to Buy Dr Pepper Snapple
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JAB Holding Co.’s audacious effort to build a food-and-beverage empire, which already includes Krispy Kreme Doughnuts and Caribou Coffee, has taken a surprise turn into soft drinks.
The investment firm’s Keurig Green Mountain Inc. business, known for its single-serve coffee brewers, agreed on Monday to take control of Dr Pepper Snapple Group Inc. The deal will pay $18.7 billion in cash to shareholders and assemble a massive beverage distribution network in the U.S., giving JAB’s businesses even greater control over how Americans eat and drink.