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Keurig Dr Pepper (KDP) to Acquire CORE Nutrition for $525M


Keurig Dr Pepper (KDP) to Acquire CORE Nutrition for $525M


Keurig Dr Pepper (KDP - Free Report) has agreed to buy CORE Nutrition LLC — a leading bottled water and other drinks’ maker — for $525 million. The company plans to finance this transaction using its common stock, net of current equity investment and some other contractual adjustments. The buyout, which is anticipated to close by the end of 2018, will generate roughly $435 million, net of planned tax benefits. However, it remains subject to customary closing conditions.

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