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Keurig coffee, Dr Pepper Snapple combine in $21 billion-plus deal

Keurig Chief Executive Bob Gamgort will head the combined company 'Keurig Dr Pepper'


Keurig Green Mountain Inc will buy soda maker Dr Pepper Snapple Group Inc in a deal worth more than $21 billion, bringing the world's biggest single-serve coffee brand K-Cup and beverages such as 7UP, Snapple, and Sunkist under one roof. The deal marks Germany's JAB Holding Co latest push into the US beverage market, after buying Keurig owner Green Mountain Coffee Roasters in 2016 and Mondelez's international coffee business earlier. JAB said it would make an equity investment of $9 billion to finance the transaction for which the companies did not give an overall ...

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First Published: Mon, January 29 2018. 23:21 IST