There’s a new pepper down on Wall Street. Dr. Pepper. Cadbury (CSG) and Dr. Pepper have demerged and a new soda company, Dr Pepper Snapple Group Inc., started trading on the New York Stock Exchange yesterday.
The Cadbury spinoff comes after a few high profile mergers and acquisitions, including Wrigley and Mars and Arby’s and Wendy’s. Will the separation mean good things for the two companies? It may be too early to tell: Shares of the new company closed a little over $25 yesterday, following its relisting debut.
The Dr. Pepper Snapple Group plans to continue diversifying its offerings, which include Diet Dr. Pepper, flavored water, and Snapple. Want to know more? Watch TheStreet.com’s Kristin Bentz talk to company CEO Larry Young about the company’s relisting on the NYSE.