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.


Must Read: Warren Buffett's 25 Favorite Growth Stocks

  
NSRGY Chart

NSRGY data by YCharts

 

GMCR Chart

GMCR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Dow Falls Sharply, Nasdaq Sinks as Wall Street Weighs Trump's New Trade Threats

Dow Falls Sharply, Nasdaq Sinks as Wall Street Weighs Trump's New Trade Threats

Bond Yields to Slide for Rest of Year Amid Trade Turmoil, Morgan Stanley Says

Bond Yields to Slide for Rest of Year Amid Trade Turmoil, Morgan Stanley Says

Video: 2018 Is Actually a Normal Year for Stock Market Volatility

Video: 2018 Is Actually a Normal Year for Stock Market Volatility

3 Fierce Chinese Tech Stocks to Gamble on Right Now

3 Fierce Chinese Tech Stocks to Gamble on Right Now