Dr Pepper Snapple Group To Acquire Bai Brands, LLC
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November 23, 2016 8:45 AM EST
Jefferies maintained a Hold rating on Dr Pepper Snapple Group (NYSE: DPS), and cut the price target to $95.00 (from $96.00), following the company's announced acquisition of Bai. DPS announced that it would acquire Bai Brands for $1.7B, $1.3B ex-tax benefits. The deal will add ~$130M of... More
November 22, 2016 11:48 AM EST
Dr Pepper Snapple Group (NYSE: DPS) announced today that the company will purchase Bai Brands, LLC. DPS has been slowly grinding out U.S. share gains in carbonated soft drinks for years versus Coke and Pepsi. Stifel believes that this purchase creates short-term growth, as well as the potential for sustained added growth. The company is currently ranked as North America's third largest soft drink, with 90% of earnings and the vast majority of... More
