On this episode of Stock Movers:
- Keurig Dr Pepper (KDP) shares are lower after it agreed to buy JDE Peet’s NV for €15.7 billion to bolster its struggling coffee business. The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement. Keurig Dr Pepper plans to separate its coffee and beverage units into two independent, US-listed companies once the deal is completed, with Chief Executive Officer Tim Cofer saying “We are seizing an exceptional opportunity to create a global coffee giant.”
- Orsted (DNNGY) fell to a record low after the Trump administration blocked construction of an almost-finished offshore wind farm. The company's management is meeting with investors and advisers to reassure them that the planned 60 billion kroner share sale will go ahead despite the growing crisis.
- Verint Systems (VRNT) is higher on news Thoma Bravo acquired the company. Verint shares jumped double digits in premarket trading on Monday, after Bloomberg News reported that the two were in talks in July.
- Wayfair (W) shares are declining along with furniture stocks after President Trump announced a “major” tariff investigation on furniture coming into the US. "Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined. This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” the president said in a Truth Social post on Friday
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