Why Keurig Dr Pepper Stock Tanked by More Than 11% Today

Keurig Dr Pepper (NASDAQ: KDP), a beverage conglomerate built on acquisitions, announced its latest purchase on Monday -- and investors weren't too happy to hear the news. Assertively trading out of the company's stock, they left it with an over 11% loss on the day. By comparison, the S&P 500 index did well with its 0.4% decrease. That morning, KDP announced it had entered into a definitive agreement to buy Netherlands-listed coffee company JDE Peet's. Stockholders of the latter, perhaps best known to Americans as the company behind Peet's cafes, will received 31.85 euros ($37.33) per share in the deal, which works out to a total price tag of 15.7 billion euros ($18.4 billion). Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool