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US: Cadbury Schweppes in move for Nantucket Nectars

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UK-based soft drinks to sweets group, Cadbury Schweppes, is thought to be close to acquiring Nantucket Nectars, the fruit juice producer in which Ocean Spray Cranberries Inc owns an 80% stake. The two companies have been reportedly holding talks and are expected to make an announcement this week. Analysts value the Massachusetts-based fruit juice brand at around $100 million.


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