JDE Peet's N.V. (JDEPF)

A more than 30% year-on-year in retail prices for coffee is staggering — and consumers are not likely to see relief anytime soon, even as a merger between two beverage giants looks to create an entity...

Keurig Dr Pepper Inc (NASDAQ:KDP) announced it has agreed to acquire Dutch coffee and tea company JDE Peet's in an all-cash deal valued at about $18 billion. The pending takeover is expected to perk u...

In premarket trading early on Monday, Keurig's shares are down 3.91% to $33.76. JDE Peet's Amsterdam-listed shares surged to $36.40 after the announcement, rising 17.33% from Friday's close.

Keurig Dr Pepper on Monday announced it would buy Dutch company JDE Peet's for 15.7 billion euros ($18.4 billion) in cash, in a bid to create a global coffee heavyweight.

Keurig said it plans to separate into two independent, U.S. listed companies and created “the world's #1 pure-play coffee company.”

After its planned acquisition of Dutch coffee company JDE Peet's, Keurig Dr Pepper will split its beverage and coffee units into two separate U.S.-listed firms.

Keurig Dr Pepper on Monday said it will buy Dutch coffee company JDE Peet's for 15.7 billion euros ($18.38 billion).