Keurig Dr Pepper is nearing an $18 billion deal to acquire JDE Peet’s, known for brands like L’Or and Douwe Egberts. The companies plan to split the beverage and coffee units after the merger. JDE Peet’s raised its annual forecasts after strong sales growth, with a market valuation of $15 billion. Keurig Dr Pepper, valued at nearly $50 billion, previously bought a majority stake in Ghost for $990 million. ($1 = 0.8531 euros)

Read more at Yahoo Finance: Keurig Dr Pepper nears $18-billion deal for Dutch coffee company JDE Peet’s, WSJ reports