Coca-Cola to distribute Dr Pepper

Coke has made an appointment with Dr Pepper.

The Coca-Cola Co. (NYSE: KO) will pay Dr Pepper Snapple Group Inc. (NYSE: DPS) $715 million in cash to distribute Dr Pepper and other brands after its previously reported deal to acquire Coca-Cola Enterprises’ North American bottling business is done.

The license agreement is for 20 years with 20-year renewable periods, Atlanta-based Coca-Cola said Monday. The deal is expected to close at the end of 2010.

Read Full Article from Bizjournals.com

- Posted: 2010-06-07 10:15:28

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