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On the 9th of July, Keurig Dr Pepper Inc. announced that the merger between Keurig Green Mountain and Dr Pepper Snapple Group was successfully completed. The Dr Pepper Snapple Group has now been renamed as Keurig Dr Pepper Inc. and has begun trading on the New York Stock Exchange, under the symbol ‘KDP’.
The US coffee maker, Keurig Green Mountain, Inc. agreed to buy the Dr Pepper Snapple Group back in January 2018. The terms have been agreed in the following months with the board finalising the approval of the takeover on the 28th June.
The consolidated company, Keurig Dr Pepper, are now one of the leading North American coffee and beverage companies, with an annual revenue of over $11 billion.
The terms of the merger agreement state that Dr Pepper Snapple shareholders are due to receive $103.75 per share as a one-off special dividend, as well as receiving shares in the new Keurig Dr Pepper.
At Title Research, we’re now informing affected clients of this ownership change. If we’re presented with any Dr Pepper Snapple Group shareholdings, we will now need the new Keurig Dr Pepper share statements in order to sell or transfer the assets.
Selling or transferring shareholdings in the United States and Canada is often a complex process but Title Research can use their global network of local professionals and extensive experience to quickly assist you in the repatriation of overseas assets. They will complete all the paperwork, verify the shareholding and transfer or sell the asset, as instructed.
On behalf of a UK solicitor, we recently sold shares in Dr Pepper Snapple worth $23,000. For a fixed price, we successfully returned the monies to the UK beneficiaries. Our client was grateful for our help and said, “Thank you for your assistance in this matter. I will not hesitate to recommend you to my colleagues for this type of transaction in the future.”
If you’re interested in finding out more about how we can administer foreign shares and funds on your behalf, call our Client Services Team on 0345 87 27 600 or email info@titleresearch.com.
Sources: https://business.financialpost.com & https://finance.yahoo.com
Topics: Repatriating assets, Share Sales, Dr Pepper, Specialist Support
