Cadbury Schweppes postpones sale of beverage unit
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- July
- 30
Citing recent market volitility, Cadbury Schweppes PLC is postponing the sale of Americas Beverages. The unit includes Snapple, managed out of Rye Brook, as well as Dr Pepper and 7 Up. The United Kingdom-based company had announced last month that it was selling its beverage unit to concentrate on candy-making. On Friday, it announced that “a decision has been taken to extend the sale timetable to allow bidders to complete their proposals against a more stable debt financing market.�
This entry was posted
on Monday, July 30th, 2007 at 12:44 pm by Alison Bert.
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