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PepsiCo to buy probiotic beverage brand KeVita
PURCHASE, N.Y. — PepsiCo is accelerating its evolution toward health and wellness products by agreeing to acquire KeVita, a leading North American creator of fermented probiotic and kombucha beverages.
The transaction will expand PepsiCo's health and wellness offerings in the premium chilled beverage space.
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Dr Pepper Snapple Group to acquire Bai Brands
PLANO, Texas, and HAMILTON, N.J. -- Dr Pepper Snapple Group is positioning itself to meet growing consumer demand for better-for-you beverages by agreeing to acquire Bai Brands and its portfolio of antioxidant infused beverages.
DPSG says the cash purchase price of $1.7 billion includes a tax benefit of approximately $400 million on a net present value basis and will be financed through new unsecured notes and short term commercial paper.