Food and Beverage Sector Ideas

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>>> Meet Keurig Dr Pepper


Jul. 9, 2018

By: Clark Schultz, SA News Editor


https://seekingalpha.com/news/3368766-meet-keurig-dr-pepper



Keurig Dr Pepper (KDP) announces a completion of the merger between Keurig Green Mountain and Dr Pepper Snapple Group (NYSE:DPS).

The new beverage beast says the transaction creates the seventh-largest company in the U.S. food and beverage sector and third-largest beverage company in North America, with annual revenues of approximately $11B.

Keurig Dr Pepper will have dual headquarters in Burlington, Massachusetts and Plano, Texas.

Keurig Dr Pepper CEO Bob Gamgort is already out with a preview of what's to come with KDP: "The combination of these two great companies creates the scale, portfolio and selling and distribution capabilities to compete differently in the beverage industry. With a large stable of iconic brands and the leading single-serve coffee brewing system on the market, KDP has the ability to satisfy any beverage need or consumption occasion—hot or cold, at work or at play, at home or on the go—and the capability to get our brands to consumers virtually anytime and anywhere they purchase beverages."

Shares in Keurig Dr Pepper will begin trading tomorrow on the New York Stock Exchange.

Under the terms of the merger agreement, Dr Pepper Snapple shareholders will receive a special cash dividend of $103.75 per share, payable in U.S. dollars tomorrow.

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