Will Nestle (NSRGY) Stock Benefit From Keurig Green Mountain (GMCR) Deal?

NEW YORK (TheStreet) -- Shares of Nestle (NSRGY) are up 0.61% to $78.14 after it was reported that the company plans to make Coffee-Mate branded capsules compatible with Keurig Green Mountain Inc. (GMCR) machines in the U.S., bringing the world's biggest coffee maker onto a rival's system, Bloomberg reports.

The two companies will begin selling the capsules, known as K-Cups, in the U.S. this fall, they said in a Business Wire statement today.

Shares of Keurig Green Mountain are higher by 2.12% to $127.


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