Keurig Dr Pepper Begins $2 Billion Stock Offering to Reduce Debt
Keurig Dr Pepper commenced a $2 billion public offering of common stock to reduce debt ahead of its planned separation into two publicly traded companies. Its shares were down 4.5% at the time of writing.
Keurig Dr Pepper (KDP) shares fell on Thursday after the beverage company commenced a $2 billion public offering of common stock to reduce debt ahead of its planned separation into two independent, publicly traded companies.KDP shares traded 4.5% lower at the time of writing.Thirteen out of 19 anal…