Keurig Dr Pepper is buying the Dutch coffee and tea company JDE Peet's for about $18 billion. This aims to boost Keurig's struggling U.S. coffee sales, which have seen a decline in single-serve pods and coffee makers. The deal offers a 33% premium per share. After the acquisition, Keurig Dr Pepper plans to split into two separate publicly traded companies: one for beverages and one for coffee, each expected to generate billions in annual sales. The coffee company will be led by Keurig Dr Pepper's current CFO.

Prepared by Christopher Adams and reviewed by editorial team.