Dr Pepper Snapple, Pepsi buy drinks makers in bid to diversify
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Jefferies Cuts Price Target on Dr Pepper Snapple Group (DPS) Following Announced Bai Acquisition
November 23, 2016 8:45 AM ESTJefferies maintained a Hold rating on Dr Pepper Snapple Group (NYSE: DPS), and cut the price target to $95.00 (from $96.00), following the company's announced acquisition of Bai. DPS announced that it would acquire Bai Brands for $1.7B, $1.3B ex-tax benefits. The deal will add ~$130M of... More
