I guess we'll never get it back to US owned. It's odd that they've been in European hands for years, yet finding a Dr. Pepper in Europe is like finding a leprechaun.
https://www.wsj.com/articles/dr-pepper-snapple-to-merge-with-keurig-green-mountain-1517231161
Cara Lombardo and
Zeke Turner
Updated Jan. 29, 2018 1:19 p.m. ET
25 COMMENTS
The maker of Keurig coffee machines is acquiring Dr Pepper Snapple DPS +24.99% Group Inc., a takeover that will give shareholders nearly $19 billion in cash, blur the lines between makers of hot and cold beverages and go down as the largest soft-drink deal ever.
The transaction is being driven by JAB, one of Europe’s biggest investment firms, which took control of Keurig two years ago and has spent more than $40 billion over the past decade to scoop up coffee and U.S. restaurant brands, including Peet’s Coffee, Panera Bread and Krispy Kreme Doughnuts.
The complex transaction will give JAB control of a newly public company, Keurig Dr Pepper, that it could use to continue to strike additional deals and make investments, analysts said. Shareholders of Dr Pepper Snapple will own about a 13% stake in the merged company, which will be listed on the New York Stock Exchange.
The deal is estimated to be worth $18.9 billion, excluding debt, according to Dealogic, which said it would top the previous record for a soft-drink acquisition—JAB’s 2015 takeover of Keurig Green Mountain for $13.9 billion.
Continued at the link if you have a WSJ Sub.
https://www.wsj.com/articles/dr-pepper-snapple-to-merge-with-keurig-green-mountain-1517231161
Cara Lombardo and
Zeke Turner
Updated Jan. 29, 2018 1:19 p.m. ET
25 COMMENTS
The maker of Keurig coffee machines is acquiring Dr Pepper Snapple DPS +24.99% Group Inc., a takeover that will give shareholders nearly $19 billion in cash, blur the lines between makers of hot and cold beverages and go down as the largest soft-drink deal ever.
The transaction is being driven by JAB, one of Europe’s biggest investment firms, which took control of Keurig two years ago and has spent more than $40 billion over the past decade to scoop up coffee and U.S. restaurant brands, including Peet’s Coffee, Panera Bread and Krispy Kreme Doughnuts.
The complex transaction will give JAB control of a newly public company, Keurig Dr Pepper, that it could use to continue to strike additional deals and make investments, analysts said. Shareholders of Dr Pepper Snapple will own about a 13% stake in the merged company, which will be listed on the New York Stock Exchange.
The deal is estimated to be worth $18.9 billion, excluding debt, according to Dealogic, which said it would top the previous record for a soft-drink acquisition—JAB’s 2015 takeover of Keurig Green Mountain for $13.9 billion.
Continued at the link if you have a WSJ Sub.
