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Keurig Dr Pepper comes to life as merger completes

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Keurig Dr Pepper is officially in business after Dr Pepper Snapple Group completed its merger with Keurig Green Mountain 

Keurig Dr Pepper starts trading on the New York Stock Exchange from today

Keurig Dr Pepper starts trading on the New York Stock Exchange from today

The closure of the merger was announced yesterday, creating the third-largest beverage company in North America. Shares in Keurig Dr Pepper start trading on the New York Stock Exchange from today under the ticker symbol KDP.

The completion marks the end of a process that first came to public attention in January when DPSG and Keurig Green Mountain announced they would combine. The two companies have since disclosed the management set up of the firm, with former KGM CEO Bob Gamgort holding the same post in the new entity.

Yesterday, Gamgort said KDP will have the size and capability to "satisfy any beverage need or consumption occasion - hot or cold, at work or at play, at home or on the go".

Keurig Dr Pepper will be 87%-owned by KGM shareholders, while DPSG shareholders will hold 13% of the combined company. KGM was majority-owned by private equity firm JAB Holding Co, which will be the controlling shareholder in the new company. JAB's partner in KGM is Mondelez International, which will hold approximately 13-14% of Keurig Dr Pepper.

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