Keurig announced they’re buying the Dr. Pepper Snapple Group. Dr. Pepper Snapple shareholders will receive $103.75 per share, in a special cash dividend and keep 13 percent of the combined company. Brands like 7UP, Snapple, A&W, Mott’s, and Sunkist will all be under the same umbrella. This deal will create a new beverage giant with close to $11B in annual revenue.
For more updates on the business side of Food & Beverage, be sure to subscribe to our publication!