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Keurig Dr Pepper Sells Chobani Stake Back for $800M in $925M Deal

Keurig Dr Pepper logoKeurig Dr Pepper
Sig3.63Sen+2.97Env-0.03Soc+0.66Gov+0.73

Keurig Dr Pepper will sell its minority stake in Chobani for $800 million as part of a $925 million deal that also includes divesting a manufacturing plant for $125 million. The company plans to use proceeds to pay down debt ahead of its split early next year, while Chobani will co-manufacture some products for a limited period under an agreement.

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