PLANO, TX — Keurig Green Mountain, maker of convenient coffeemakers found in kitchens and company lounges across the country, is buying Plano, Texas-based Dr. Pepper Snapple Group as part of an $18.7 billion deal. The acquisition will create a beverage giant with about $11 billion in yearly sales. The companies, which are both the result of previous mergers, will combine global brands including Dr. Pepper, 7UP, Snapple, A&W, Mott’s, Sunkist and Keurig’s single-serve coffee makers.
Shares of Dr. Pepper Snapple soared more than 39 percent before the opening bell. Keurig, which is a privately held company, said on Monday that Dr. Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend and keep 13 percent of the combined company. Continue reading Keurig Buying Dr. Pepper Snapple In Nearly $19 Billion Deal