---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-24-000088"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:25:11.611622+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KDP acquires 60% stake in GHOST Energy for ~$990M; second stage in 2028

## Summary
- KDP to acquire 60% stake in GHOST Lifestyle for ~$990M; second stage to purchase remaining 40% in 2028 based on 2027 performance.
- Enterprise valuation at initial step represents approx. 3x net revenue multiple on projected 2024 basis, net of ~$140M tax benefits.
- Transaction expected to close late 2024 or early 2025; GHOST co-founders to continue leading the brand.
- KDP expects transaction to be neutral to modestly accretive to adjusted EPS from 2025; fully consolidates GHOST.
- KDP to invest up to $250M to transition GHOST Energy's distribution agreements starting mid-2025.

## SEC filing metadata
- accession: 0001418135-24-000088
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000088/0001418135-24-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000088/kdp-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-24-000088
- JSON: https://secwatch.observer/filing/0001418135-24-000088.json
- Plain text: https://secwatch.observer/filing/0001418135-24-000088.txt

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