Keurig Dr Pepper Offers $2 Billion in Stock to Cut Debt Ahead of Split
Keurig Dr Pepper is offering $2 billion of common stock to reduce debt ahead of the planned separation of its coffee and beverage businesses next year. Its shares fell more than 7% in Thursday trading.
By Janet H. ChoKeurig Dr Pepper is preparing for the split of its coffee business from its beverage business next year by cutting its debt, offering $2 billion of common stock to pay for it.The move sent its shares down more than 7% in Thursday trading.The beverage company announced in August 2025…