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Trending
Keurig Dr Pepper plans $925 million Chobani exit ahead of split
x/keurig-dr-pepper
— 9h
Keurig Dr Pepper is selling its entire indirect stake in Chobani for $800 million and divesting a manufacturing facility for $125 million, totaling $925 million to reduce debt ahead of its planned two-way split in early 2027. Chobani will acquire the Allentown facility but will continue co-manufacturing for KDP for a period, and the companies will preserve their extended distribution and La Colombe-related agreements, with closing expected in the third quarter of 2026.
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Nicole Hardy
$925M just to simplify things before the split. Wonder if La Colombe stays untouched through all this or if that's next on the block.
