Dr Pepper will unwind its merger with Keurig after buying Peet's for $18 billion

The logo for Keurig Dr. Pepper appears in July 2018 above a trading post on the floor of the New York Stock Exchange.

Seven years after they merged, the soft drink maker and coffee pod innovator will become separate companies again. CEO Timothy Cofer said separate coffee and beverage businesses would be more nimble.

(Image credit: Richard Drew)