The hedge fund Starboard Value has reportedly taken an investor stake in coffee and beverage giant Keurig Dr Pepper, according to Financial Times .

The move follows an unpopular plan announced by Burlington-based KDP to acquire JDE Peet’s, the parent company of Peet’s Coffee for $18 billion . Since the acquisition plan was announced in August, KDP’s stock has fallen 25%, from $35.14 per share to $26.24, a low for the company over the past five years. The day the deal was announced, the stock fell 11.5 percent.

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