Dr Pepper Snapple Group (DPS) to Acquire Bai Brands for $1.7B
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Dr Pepper Snapple Group To Acquire Bai Brands, LLC
November 22, 2016 6:30 AM ESTPLANO, Texas, and HAMILTON, N.J., Nov. 22, 2016 /PRNewswire/ --Â Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that it has reached an agreement to acquire Bai Brands, LLC ("Bai" or the "Company"), and its complete portfolio of high-growth premium antioxidant infused beverages. The cash purchase price of $1.7 billion includes a tax benefit of approximately $400 million on a net present value basis and will be financed through new unsecured notes and short term commercial paper. We expect to maintain our strong investment grade credit profile and have no plans to change our existing... More
