DPS completes licensing to Coca-Cola

摘要

Dr Pepper Snapple Group Inc. (DPS), Piano, Texas, completed the licensing of certain brands to The Coca-Cola Co. following Coca-Cola's acquisition of Coca-Cola Enterprises' North American bottling business. As part of the transaction, DPS received a onetime cash payment of $715 million before taxes, fees and other related expenses. The company expects to use a portion of the proceeds to support its ongoing share repurchase program. Under the new licensing agreements, Coca-Cola will distribute Dr Pepper in the United States and Canada Dry in the Northeast where these brands were formerly distributed by CCE. In addition, Coca-Cola will offer Dr Pepper and Diet Dr Pepper in local fountain accounts formerly serviced by CCE and will include Dr Pepper and Diet Dr Pepper on its Freestyle fountain dispenser.