Instant Alert: Dr Pepper Snapple group to merge with Keurig, creating a company with $11 billion in annual revenue

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Dr Pepper Snapple group to merge with Keurig, creating a company with $11 billion in annual revenue

by on Jan 29, 2018, 7:50 AM

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Soda maker Dr Pepper Snapple Group Inc <DPS.N> and K-cup maker Keurig Green Mountain Inc have agreed to merge, creating a company with $11 billion in annual revenue, the companies said on Monday.

Dr Pepper Snapple shareholders will be paid a special cash dividend of $103.75 per share in and will retain 13 percent of the combined company, which will be called Keurig Dr Pepper.


 
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