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Stock impact report

Keurig Dr. Pepper to buy enhanced water company CORE Nutrition for $525 million [MarketWatch]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: MarketWatch
Keurig Dr. Pepper to buy enhanced water company CORE Nutrition for $525 million This replaces an earlier item that incorrectly reported the stock's performance over the past three months, as the stock started trading in its current form as of July 10. Keurig Dr. Pepper Inc. KDP, -0.32% said Thursday it agreed to buy enhanced water company CORE Nutrition in a deal valued at $525 million. Keurig said the deal will be funded with common stock, net of its current equity investment in the company. Keurig expects the acquisition to close by the end of 2018 and be neutral to fiscal 2019 adjusted earnings per share, then add to EPS thereafter. The company said CORE had been an allied brand since 2016, with Keurig currently managing about two-thirds of CORE's distribution. Keurig's stock, which was still inactive in premarket trade, has lost 4.4% over the past two months, while the Dow Jones Industrial Average DJIA, +0.11% has gained 3.4%. Have breaking news sent to your inbox. Subscrib Show less Read more
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