Dr Pepper will unwind its merger with Keurig from 7 years ago after buying Peet's for $18 billion
The logo for Keurig Dr. Pepper appears above a trading post on the floor of the New York Stock Exchange, July 12, 2018. (AP Photo/Richard Drew, File)
NEW YORK (AP) — Less than a decade after their merger, Keurig and Dr Pepper plan to become separate companies again.
Keurig Dr Pepper said Monday it is buying the owner of Peet's Coffee in an $18 billion (15.7 billion euro) . Then it will break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.
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