Keurig Dr Pepper successfully completed the merger between Keurig Green Mountain and Dr Pepper Snapple Group. The transaction created the seventh-largest company in the US food and beverage sector and third-largest beverage company in North America, with annual revenues of approximately $11bn. Dr Pepper Snapple shareholders received a special cash dividend of $103.75 per share and retained 13% of the combined company. Transaction valued Dr Pepper Snapple at around $23bn. “The combination of these two great companies creates the scale, portfolio and selling and distribution capabilities to compete differently in the beverage industry." Keurig Dr Pepper CEO Bob Gamgort.