US: FTC give Schweppes Nantucket green light
The UK soft drink company Cadbury Schweppes has been given the go-ahead by the US Federal Trade Commission for its proposed acquisition of Nantucket Allserve Inc.
The two companies have been granted early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act, it was reported today.
Cadbury Schweppes is seeking to acquire Nantucket Allserve from Ocean Spray Cranberries. Financial terms weren't disclosed but Cadbury Schweppes said it will fund the transaction through debt lines.
Cadbury-Schweppes has insisted that the disposal of its European soft drinks businesses is not indicative of a move away from soft drinks, but analysts see the group focusing increasingly on confectio...
Cadbury Schweppes has agreed to sell its European beverages business....
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The European arm of drinks group Cadbury Schweppes is expected to be sold next month for around GBP1.1bn ($1.9bn), according to press reports....
UK-based soft drinks to sweets group Cadbury Schweppes has issued a trading update ahead of an investor seminar to be held in Dallas, Texas on 10 and 11 October....
Cadbury Schweppes is moving ever closer to selling off its European soft drinks business, according to German press reports....
Rumours are circling that Cadbury Schweppes' soft drinks business may be merged with Britvic....
Cadbury Schweppes Americas brand Mott's has announced a new line of fortified beverages....
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