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Dr Pepper Snapple Group Inc. DPS -0.34% appear collapsed acquirement in its fourth quarter, a few weeks afterwards Keurig Green Mountain appear it was affairs the soda behemothic for about $19 billion in cash.
Dr Pepper, whose brands accommodate A&W basis beer and Bai bake-apple drinks, said Wednesday its fourth-quarter acquirement was little afflicted from a year ago at $1.6 billion. Analysts polled by Thomson Reuters had accepted acquirement of $1.7 billion.
Keurig Green Mountain and Dr Pepper accept said their planned amalgamation will acquiesce Keurig and its owner, the European advance abutting JAB Holding Co., to add their coffees to Dr Pepper’s administration network. Analysts say the allowances are beneath bright for Dr Pepper’s alcohol brands.
Dr Pepper Snapple shares, up 21% back the Keurig accord was appear Jan. 29, fell 0.8% in premarket trading on low volume. Shareholders are set to accept a $103.75 per allotment appropriate banknote allotment in the Keurig deal, which the companies apprehend to abutting in the additional quarter.
Dr Pepper appear a fourth-quarter accumulation of $508 million, or $2.81 a share, compared with $165 actor a year ago. This year’s after-effects included a $297 actor account accompanying to the U.S. tax law overhaul.
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