PLANO, Texas (AP) - A new company that makes Dr Pepper and
Snapple made its Wall Street debut today.
Trading has begun in Dr Pepper Snapple Group Incorporated after
the Plano-based beverage group was spun off from former owner
Dr Pepper Snapple is listed on the New York Stock Exchange as
DPS. It had 5.7 billion dollars in sales last year while part of
the British confectioner. It bottles soft drinks, tea, water and
other beverages under such brands as Dr Pepper, 7UP, Canada Dry,
Schweppes, Mott's, Sunkist and RC Cola.
Cadbury spun off the beverages division to focus on its core
candy business. Last month, a Lehman Brothers analyst said the
beverages company will face many challenges, including high
commodity costs and competition from Coca-Cola and PepsiCo, which
have much larger market shares.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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