Keuring Green Mountain to merge with Dr Pepper Snapple

Coffeemaker Keurig Green Mountain will merge with soft drinks giant Dr Pepper Snapple to form Keurig Dr Pepper (KPD), subject to approvals. The planned merger will see Dr Pepper Snapple shareholders retain 13 percent of the company and receive US$103.75 per share in a special cash dividend. KDP will have a combined annual revenue of $11bn.

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