Keurig Dr Pepper Agrees To Acquire GHOST Lifestyle LLC And GHOST Beverages LLC; To Make An Initial Cash Investment Of $990M In Exchange For 60% Ownership Stake
Portfolio Pulse from Benzinga Newsdesk
Keurig Dr Pepper (KDP) has agreed to acquire a 60% stake in GHOST Lifestyle LLC and GHOST Beverages LLC for $990 million, with plans to acquire the remaining 40% in 2028. The acquisition will be neutral to modestly accretive to KDP's adjusted EPS starting in 2025.
October 24, 2024 | 10:02 am
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Keurig Dr Pepper is acquiring a 60% stake in GHOST for $990 million, with plans to acquire the remaining 40% in 2028. The deal is expected to be neutral to modestly accretive to KDP's adjusted EPS starting in 2025.
The acquisition of GHOST is a strategic move for KDP, expanding its portfolio in the U.S. Refreshment Beverages segment. The deal is structured to be accretive to earnings, which is positive for KDP's financial outlook. The initial investment and future plans to integrate GHOST into KDP's distribution network indicate a long-term growth strategy.
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