Keurig Dr Pepper Inc. (KDP)'s JDE Peet Deal Is "A Loser Combination," Says Jim Cramer

We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the stocks Jim Cramer recently discussed.

Keurig Dr Pepper Inc. (NASDAQ:KDP) shares sank by a whopping 17.6% this month after it announced that it would buy coffee company JDE Peet for a whopping $18 billion price tag. Cramer discussed the deal in detail with co-host David Faber, and his opinion is rather obvious:

“It never ends, never ends. Obviously structured very poorly, obviously I want to talk to the banker who did that, because that banker, I, ChatGPT could replace that banker in nanoseconds.

“[on stock price movement since the deal was announced]Will you look at that? . . .

“[When Faber asked just why would KDP do the deal?] Why would Smucker buy Hostess? David, David, this was a structure problem. Well I mean like obviously people hated the way they structured the deal. They don’t, you talk to yourself about how you’re splitting into a beverage company and a beverage company. I mean, hello, right, right?

“But David someone made a mistake here. And normally you would say listen, I don’t know it’s the company or the bankers but someone made a mistake. I think you need to call out. . .

“[On what was the mistake] The combination is a loser combination and the way that they break the company. . .

“[The market] just hates it. And it’s not gonna start liking it.

“But I will not hear you, you will not say this was a stupid deal, you won’t say that will you?

“Well you know like, people are being, someone’s trying to fire someone over maybe a mortgage thing, how about firing someone over an incredible loss?”

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Disclosure: None. This article is originally published at Insider Monkey.