Plano, TX and Burlington, MA - Keurig Green Mountain announced plans Monday morning to buy Dr Pepper Snapple in a deal that creates a new beverage giant with $11 billion in sales, according to a company press release. Dr Pepper Snapple shareholders will receive $103.75 per share in a special cash...
New York, NY — The term “diet” has been used by soft drink companies to describe sugar-free and low calorie options for many years. The Code of Federal Regulations Title 21 states that companies may continue provided that "use of the term is not false or misleading.” On Oct. 16,...
Purchase, NY, Plano, TX — PepsiCo, Inc. based in Purchase, NY announced yesterday that it will acquire KeVita, maker of fermented probiotic and kombucha beverages. According to BevNET, sources close to the deal have put the purchase price between $200 and 300 million. PespiCo has already held a minority stake...
