Dr Pepper Snapple and Keurig Green Mountain merged creating Keurig Dr Pepper

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.