Coffee firm Keurig Green Mountain and soft drink company Dr Pepper Snapple have announced that they have entered into a definitive merger agreement to create a new combined company called Keurig Dr Pepper. Under the terms of the deal, Dr Pepper Snapple shareholders will receive a dividend of $103.75 per share (a total cash payment of $18.7 billion), and retain 13% of the combined company. Commenting on the deal, Keurig …
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Dr Pepper Snapple
Soft drinks giant Dr Pepper Snapple has announced that it is purchasing Bai Brands, a company that manufactures low-calorie coffee-fruit drinks, for $1.7 billion. The Bai Brands product line includes enhanced water, carbonated flavoured water, coconut water and ready-to-drink teas. With its Bai, Bai Bubbles, Cocofusion and other innovative brands, Bai was positioned for expanding growth in key beverage segments, Dr Pepper Snapple said. Bai Brands provides a strong platform …
Dr Pepper Snapple Group, the US soft drinks company, has reported an increase in net income and net sales for its second fiscal quarter despite being hit by consumers switching to diet beverages. Net income increased by 35% on the prior year period to $210 million, while net sales rose 1% to $1,631 million, as a sales volume increase, favourable product and package mix and pricing were partially offset by …
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