Keurig Dr Pepper Inc. (NasdaqGS:KDP) is not pursuing an acquisition of the manufacturer of Bang Energy drinks, a spokesperson for the coffee maker said on August 19, 2022. The company's statement denying the deal talks comes a day after Bloomberg News reported that Keurig Dr Pepper was looking to buy Vital Pharmaceuticals Inc, or VPX. “As it relates to the speculation yesterday on our interest in Bang Energy, we are currently not pursuing an acquisition of the business,” Keurig Dr Pepper spokesperson said.

The report, citing sources, said VPX could be valued at over $2 billion, with one of them saying the figure could be more than $3 billion, even though the talks are in an early stage.