Aug. 27 at 12:05 AM
$KDP entering a demand zone of 52 week lows
Good place for some longs as as UBS maintains Buy rating!
$KDP announced it has entered into a definitive agreement to acquire JDE Peet’s in an all-cash transaction valued at
$31.85 per share, or approximately
$15.7 billion
Following the acquisition,
$KDP plans to separate into two independent, U.S.-listed companies through a tax-free spinoff.
The
$41.4 billion market cap company has maintained impressive gross profit margins of nearly 55% over the last twelve months