Keurig Green Mountain To Buy Dr Pepper Snapple for $18.7 Billion

Keurig Green Mountain Inc., nearly bankrupt two years ago, today announced a blockbuster merger with Dr Pepper Snapple Group estimated at $18.7 billion. Or, more accurately, European coffee giant JAB Holding Co. and Mondelez International, owners of Keurig, are buying Dr Pepper and merging it into Keurig.The new company, Keurig Dr Pepper, will have pro forma combined 2017 annual revenues of approximately $11 billion. In addition to receiving $103.75 per share in a special cash dividend, Dr Pepper Snapple shareholders will own 13 percent of the combined company. The boards of directors of both companies have approved the merger....

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