Dr Pepper will unwind its merger with Keurig after buying Peet’s for $18 billion

['The Associated Press', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TPR: The Public's Radio 2025-08-25 17:25:05

The logo for Keurig Dr. Pepper appears in July 2018 above a trading post on the floor of the New York Stock Exchange. (Richard Drew | AP)NEW YORK — Less than a decade after their merger, Keurig and Dr Pepper plan to become separate companies again. Keurig Dr Pepper said Monday it is buying the owner of Peet’s Coffee in an $18 billion (15.7 billion euro) . Shares of Keurig Dr Pepper fell 7% in early trading Monday. Dr Pepper surpasses Pepsi to become the 2nd-most-popular carbonated beverage in the U.S. For the first time, Dr Pepper has surpassed Pepsi as the nation’s No.