---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-002257"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2025-08-25T23:59:59+00:00"
generated_at: "2026-05-17T10:11:56.660401+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# KDP to acquire JDE Peet's for €31.85/sh, then separate into two companies

## Summary
- Total equity consideration of €15.7B; 33% premium to JDE Peet's 90-day VWAP.
- After closing, KDP plans tax-free spin-off of Global Coffee Co. (Keurig + JDE Peet's) and retain Beverage Co.
- Expected ~$400M in annual cost synergies within three years; EPS accretion targeted in year one.
- KDP secured irrevocable undertakings from ~69% of JDE Peet's shares, including Acorn (JAB affiliate).
- €16.2B bridge credit agreement with Morgan Stanley to fund the acquisition.

## SEC filing metadata
- accession: 0000950142-25-002257
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2025-08-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000095014225002257/0000950142-25-002257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000095014225002257/eh250670939_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-002257
- JSON: https://secwatch.observer/filing/0000950142-25-002257.json
- Plain text: https://secwatch.observer/filing/0000950142-25-002257.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.