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Tag: split

  • Keurig Dr Pepper’s $25.9b Acquisition Of Jde Peet’s To Birth Two Global Beverage Titans

    Keurig Dr Pepper’s $25.9b Acquisition Of Jde Peet’s To Birth Two Global Beverage Titans

    Keurig Dr Pepper (KDP) has announced its forthcoming acquisition of JDE Peet’s, the renowned European coffee titan, in a significant deal worth A$25.9 billion (€15.7 billion). This bold strategic move will result in the division of the company into two separately traded entities.

    In the Australian market, JDE Peet’s owns top local coffee brands like Campos Coffee and Piazza D’Oro, in addition to its international brands such as Moccona, L’Or, Jacobs, and Pickwick.

    The Acquisition Deal

    As per the agreement, KDP will buy all the remaining shares of JDE Peet’s, which is listed in Amsterdam, for A$52.55 (€31.85) per share in cash. This represents a 33% premium over the 90-day volume-weighted average price of the company’s shares.

    This agreement will lead to the formation of two independent market leaders: one concentrating on the global coffee sector, while the other will focus on North American beverages.

    Formation of Two Market Leaders

    The first resultant entity, named Global Coffee Company, will combine KDP’s Keurig single-serve platform with the vast coffee portfolio of JDE Peet’s. The newly formed company will have its headquarters in Burlington, Massachusetts, with international headquarters situated in Amsterdam. The current CFO of KDP, Sudhanshu Priyadarshi, will take the reins of this new entity.

    The second entity, named Beverage Company, will concentrate on KDP’s famous beverage brands, which include Dr Pepper, 7Up, Canada Dry, and Snapple. The company will be based in Frisco, Texas, and will continue to be governed by the current CEO, Tim Cofer.

    KDP anticipates that the acquisition will result in cost savings of approximately A$660 million (€400 million) over three years, and is expected to boost earnings starting from the first year post-acquisition.

    KDP’s CEO, Tim Cofer, expressed his enthusiasm for the merger by noting, “The exceptional combination of Keurig and JDE Peet’s presents a significant opportunity to establish a global coffee giant. The timing of this transaction couldn’t be better, given KDP’s robust operational and financial position, the momentum across our diverse portfolio, and the increasing resilience of the coffee category.”

    The transaction is anticipated to close within the first half of the next year. The subsequent splitting into two distinct companies is planned to occur shortly afterward, subject to final legal and board approvals.

    Questions & Answers

    Who will head the newly formed Global Coffee Company?
    The Global Coffee Company will be led by Sudhanshu Priyadarshi, the current Chief Financial Officer of KDP.

    What will the two new entities be focused on?
    The Global Coffee Company will focus on the international coffee sector, while the Beverage Company will concentrate on North American beverages.

    What are some of the brands owned by JDE Peet’s in Australia?
    JDE Peet’s owns several well-known Australian brands, including Campos Coffee and Piazza D’Oro.

  • Apple may be prepping to make your iPad a “Sidescreen”

    Apple may be prepping to make your iPad a “Sidescreen”

    Apple loves to talk about the displays it has in its devices, be it the color gamut, refresh rate, lamination to minimize the space between the glass and display tech, etc. Apple is very proud of its displays, no doubt about it. Apple has also been working to integrate iOS devices with Macs a bit more with features like Handoff. Now, Apple is rumored to be bringing a new interesting feature for those with iPads and Macs.

    According to new reports, Apple is working on a new feature codenamed “Sidecar” which will allow Mac users to set up their iPad as a second display to extend their desktop. The feature is said to be coming in Mac 10.15, although it may also need iOS 13 on your iPad to work properly. The option will be triggered via the Mac by hovering over the green “maximize” button on a Mac window. The benefit is pretty easy to see: what’s on your Mac screen will be duplicated on your iPad allowing you to use the touchscreen to manipulate and annotate as needed.

    The details will be made more clear at WWDC in June, but there are some questions that need answering in terms of this Sidecar feature. First of all is whether it will be wireless or not. It seems likely that Apple would want it to be wireless and not need to worry about a USB cable, but at the same time Apple is very fond of its dongle business. Also, it doesn’t sound like this will be a way to extend your Mac desktop like a second display could be. It sounds more like a mirroring feature, but being able to extend a desktop onto an iPad would be pretty nice too.

    Lastly, there’s the question about what will happen to the current solutions that offer similar capabilities, like Luna Display. Apple has a history of duplicating features that users got from apps, and the fate of those apps is usually not too good.