Why jde Is Trending Today?

The top executive of JDE Peet's, Peet, is set to receive a multi-million bonus following a successful takeover deal. Despite criticism, Peet has expressed gratitude for the opportunity to earn this 'unmerited' bonus. The newly formed coffee giant, Keurig-JDE Peet's, is now under pressure to prove its worth in the market.

Keurig Dr Pepper has agreed to buy JDE Peet's, the world's largest pure-play coffee company, for $18.4 billion. The deal, which is expected to close in the second half of 2023, will create a new global coffee leader and two new public companies. JDE Peet's, which owns brands like Douwe Egberts and Peet's Coffee, will operate as a separate entity within Keurig Dr Pepper. The acquisition is part of Keurig Dr Pepper's strategy to expand its presence in the coffee market.

Keurig Dr Pepper is set to acquire Dutch coffee company JDE Peet's in a deal valued at $18 billion. The acquisition, which is expected to create a global coffee champion, will also result in Keurig Dr Pepper separating into two independent companies. The deal is reported to be near completion, with the Wall Street Journal and other financial news outlets citing sources close to the matter.