KDP News & Events

Keurig Dr Pepper and JDE Peet's announced that Kodiak BidCo is making a recommended public cash offer for all issued and outstanding ordinary shares in the capital of JDE Peet's at an offer price of EUR 31.85 in cash per share, and that the offer memorandum has been published. JDE Peet's will also pay a previously declared dividend of EUR 0.36 in cash per share on January 23, which will not reduce the offer price. After the acquisition, KDP plans to separate into two independent, U.S.-listed publicly traded companies. The offer memorandum is approved by the Dutch Authority for the Financial Markets. The board of directors of JDE Peet's fully supports and unanimously recommends the offer to all shareholders for acceptance. Acorn Holdings and all members of the board of JDE Peet's, together representing approximately 69% of the issued and outstanding shares of JDE Peet's, have irrevocably undertaken to tender their shares under the offer. The offer is subject to a minimum acceptance threshold of 95% of the shares. This level is lowered to 80% if the JDE Peet's shareholders, at the extraordinary general meeting of the shareholders to be held on March 2, vote in favor of certain post-closing restructuring measures. If the offeror obtains 95% or more of the Shares, it will initiate statutory Buy-Out Proceedings and may elect to implement the Post-Closing Demerger. If the offeror obtains between 80% and 95% of the shares, it intends to implement the post-closing merger to acquire full ownership of the JDE Peet's business. These transactions, and in particular the post-closing merger, can have tax implications for shareholders, as described in the offer memorandum. The offeror may only implement the post-closing merger or post-closing demerger if approved at JDE Peet's extraordinary general meeting of the shareholders, to be held on March 2. All competition clearances that are conditions to the offer have been obtained. Positive advice has been obtained from the Dutch Works Council of JDE Peet's and the European Works Council has satisfactorily been informed of the transaction in accordance with the European works council agreement. Closing of the offer is expected early in the second quarter of 2026, subject to the satisfaction or waiver of the closing conditions. The offeror is making the offer on the terms and subject to the conditions contained in the offer memorandum. Further details on the offeror, the offer, including details on acceptance, settlement, the post-closing restructuring measures and the intended delisting of JDE Peet's from Euronext Amsterdam are set forth therein.

The major averages closed broadly lower as concerns remain about the Federal Reserve's future policy path. Of note, Federal Reserve governor Christopher Waller, who was reportedly interviewed by President Trump to be the next Fed chair, said he still favors additional rate cuts.Energy markets were notable, with oil climbing following a U.S. order to block sanctioned Venezuelan tankers, a development that has lifted energy stocks and contributed to broader risk-asset support. Silver and gold also moved higher as precious metals benefit from expectations of easier monetary policy and ongoing economic uncertainty.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Warner Bros. Discovery'sboard unanimouslyParamount Skydance'soffer for the company, saying the terms of the Netflixdeal are "superior"Courserawith Udemyin an all-stock transactionGeneral Millsreportedand reiterated its FY26 outlookAlphabet's YouTubewillstarting 2029, after ABC'srights expireMedlineafter its IPO, the largest of the year, was priced at $29 per share2. WALL STREET CALLS:Telsey AdvisoryVictoria's Secret, Gapand Urban Outfittersas part of a year-ahead note for the retail groupJefferiesProcter & Gambleand Church & Dwightupgraded to BuyAirbnbto Outperform at RBC CapitalFortinetto Underweight at JPMorganKeurig Dr Pepperand Constellation Brandsto Hold at Jefferies3. AROUND THE WEB:Novartisand Rocheare nearing drug price deals with the U.S.,Alphabet'sWaymo business is in talks to raise over $15B at a valuation close to $100B in a round led by its parent company,Blue Owl Capitalwill not proceed with backing a planned $10B, 1-gigawatt Oracledata center in Michigan intended to serve OpenAI after negotiations stalled amid concerns over Oracle's rising debt and AI spending,As a penalty for misleading consumers about driver-assistance technology, California sales of Teslawill be suspended for 30 days,BBVAis considering large share buybacks as it seeks to return capital to shareholders following its failed bid for Banco Sabadell,4. MOVERS:DBV Technologiesincreases in New York after reporting VITESSE trialRecursion Pharmaceuticalsgains after JPMorganthe stock to OverweightHut 8higher afterwith Anthropic and Fluidstack for AI infrastructureKyvernafalls after announcing aImmunomelower after announcing an5. EARNINGS/GUIDANCE:Jabilprovided areport for Q1LennarreportedABMand provided guidance for FY26Toro Company, with EPS and revenue beating consensusSCHMIDreported, with EPS lower year-over-yearINDEXES:The Dow fell 228.29, or 0.47%, to 47,885.97, the Nasdaq lost 418.14, or 1.81%, to 22,693.32, and the S&P 500 declined 78.83, or 1.16%, to 6,721.43.

The major averages were broadly lower near noon following several mixed sessions. Concerns remain about the Federal Reserve's future policy path as commodity prices, especially oil, are pushing higher due to geopolitical headlines. Of note, Federal Reserve governor Christopher Waller, who was reportedly interviewed by President Trump to be the next Fed chair, said he still favors additional rate cuts.Energy markets are notable, with oil climbing following a U.S. order to block sanctioned Venezuelan tankers, a development that has lifted energy stocks and contributed to broader risk-asset support. Silver and gold have also moved higher as precious metals benefit from expectations of easier monetary policy and ongoing economic uncertainty.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Warner Bros. Discovery'sboard unanimouslyParamount Skydance'soffer for the company, saying the terms of the Netflixdeal are "superior"Courserawith Udemyin an all-stock transactionGeneral Millsreportedand reiterated its FY26 outlookJabilprovided areport for Q1Lennarreported2. WALL STREET CALLS:Telsey AdvisoryVictoria's Secret, Gapand Urban Outfittersas part of a year-ahead note for the retail groupJefferiesProcter & Gambleand Church & Dwightupgraded to BuyAirbnbto Outperform at RBC CapitalFortinetto Underweight at JPMorganKeurig Dr Pepperand Constellation Brandsto Hold at Jefferies3. AROUND THE WEB:Alphabet'sWaymo business is in talks to raise over $15B at a valuation close to $100B in a round led by its parent company,Blue Owl Capitalwill not proceed with backing a planned $10B, 1-gigawatt Oracledata center in Michigan intended to serve OpenAI after negotiations stalled amid concerns over Oracle's rising debt and AI spending,As a penalty for misleading consumers about driver-assistance technology, California sales of Teslawill be suspended for 30 days,BBVAis considering large share buybacks as it seeks to return capital to shareholders following its failed bid for Banco Sabadell,CoupangCEO and Chairman Bom Kim failed to appear before a parliamentary hearing in Seoul on Wednesday over the company's recent data breach,4. MOVERS:DBV Technologiesincreases in New York after reporting VITESSE trialRecursion Pharmaceuticalsgains after JPMorganthe stock to OverweightHut 8higher afterwith Anthropic and Fluidstack for AI infrastructureKyvernafalls after announcing aImmunomelower after announcing an5. EARNINGS/GUIDANCE:ABMand provided guidance for FY26Toro Company, with EPS and revenue beating consensusSCHMID, with EPS lower year-over-yearSteel DynamicsProgressive, with EPS lower year-over-yearINDEXES:Near midday, the Dow was down 0.18%, or 86.44, to 48,027.82, the Nasdaq was down 1.25%, or 288.31, to 22,823.15, and the S&P 500 was down 0.79%, or 53.79, to 6,746.47.