BUZZ-Keurig Dr Pepper shares fall after the company launches a $2 billion stock offering plan

November 12 - ** Before Thursday’s market open, Keurig Dr Pepper (KDP.O) shares fell 5.4% to $36.20 as the company seeks financing

** If the decline continues, KDP’s share price could end a three-day winning streak

** KDP (link) launches $2 billion stock offering

** The company stated it plans to use the net proceeds from this offering to repay $2 billion in debt, as part of preparations for the planned spin-off (link)—which will result in two listed companies: Beverage Co. and Global Coffee Co., with the split expected to be completed in early 2027

** Goldman Sachs and Morgan Stanley serve as joint bookrunners

** Last week, KDP noted that due to more cautious consumer spending and rising competition from private enterprises (link), U.S. coffee business profit growth slowed in the fourth quarter

** As of Wednesday’s close, the stock has risen about 37% so far this year

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