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The latest in a five-year string of acquisitions by Keurig's owner, Luxembourg-based JAB Holding Co, it creates an enlarged group with a wide range of hot and cold beverages, different ways to access customers and a bigger platform for further deals. "We have a really wide portfolio of brands, we're able to address almost every consumer need in every format and ... to reach every point of sale," Keurig Chief Executive Bob Gamgort told Reuters. Keurig will pay a special dividend of $103.75 per share to Dr Pepper Snapple shareholders, resulting in a cash payment of $18.7 billion.
This week, we are locked and loaded for market-moving news items, from Q4 earnings reports ahead of the bell this morning to the BLS non-farm payroll and unemployment report on Friday, with so much more in between. Some of the biggest names on the Dow and Nasdaq —including Apple Inc. (NASDAQ:AAPL), Alphabet Inc (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB) and Amazon.com, Inc. (NASDAQ:AMZN) — will be making their quarterly contributions to this earnings season.Source: ShutterstockKeurig Buys Dr Pepper
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Feb.06 -- Robert Gamgort, Keurig Green Mountain chief executive officer, discusses the company's agreement to take control of Dr Pepper Snapple Group Inc. with Bloomberg's Ed Hammond on "Bloomberg Markets."
Jan.29 -- Bloomberg's Ed Hammond discusses Keurig Green Mountain's agreement to take control Dr Pepper Snapple. He speaks with Julia Chatterley and Scarlet Fu on "Bloomberg Markets."
Jan.29 -- Bloomberg Gadfly’s Brooke Sutherland discusses the merger of Keurig Green Mountain and Dr Pepper Snapple. She speaks on "Bloomberg Daybreak: Americas." (Sutherland is a Bloomberg Gadfly columnist. The opinions expressed are her own.)