It looks like Howard Stern isn't the only one who likes
does as well, deciding to purchase the Snapple Beverage Group from
( TRY) for $910 million in cash, plus the assumption of $420 million in financial liabilities.
In addition to gaining control of the Snapple brand, Cadbury Schweppes also gets RC Cola, a second-tier cola brand, and Mistic, best known for its fruit juices.
These properties join Cadbury's Dr. Pepper, 7-Up and Hawaiian Punch. Triarc came out a fairly big winner on the deal, having paid $300 million for Snapple just three years ago. Cadbury Schweppes had passed on Snapple at the time because the price was seen as too steep.