Keurig Dr Pepper to Sell Chobani Stake, Facility for $925 Million
KDP Keurig Dr Pepper Inc
$31.86 -0.99%
View chart & analysis → - 1Keurig Dr Pepper (KDP) has agreed to sell its investment in Chobani for a total of $925 million.
- 2The full Chobani stake will be sold for $800 million, while the Allentown plant and warehouse will go for $125 million.
- 3The move is part of portfolio restructuring following the JDE Peet's acquisition and preparations to split its coffee and beverage businesses.
This 3-line summary is compiled from the report below.
The Wall Street Journal +1 View original ↗
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