Keurig Dr Pepper launches all-cash takeover bid for JDE Peet’s, valuing the deal at about $18B, with closing targeted for Q2 2026

Keurig Dr Pepper is formally launching an all-cash takeover bid for JDE Peet’s, valuing the deal at about $18B. The offer is €31.85 per share, and investors representing about 69% of JDE Peet’s shares have already committed to tender. The companies say key competition clearances are in hand, with closing targeted for Q2 2026.

What’s driving this move

1. Scale in coffee at the exact moment input costs are unstable. Coffee prices have been hitting record highs, with drought impacts in major producing regions and tariff-related volatility raising uncertainty for roasters and retailers.

2. “Portfolio unlock” via a planned split. Keurig Dr Pepper has flagged a post-merger separation int ...