January 29, 2018 / 12:41 PM / 5 months ago

Dr Pepper Snapple and Keurig Green Mountain to merge

Jan 29 (Reuters) - Soda maker Dr Pepper Snapple Group Inc 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. (Reporting by Sangameswaran S in Bengaluru; Editing by Savio D’Souza)

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