Keurig buys Dr Pepper Snapple, creating a beverage giant

(Reuters) – Keurig Green Mountain Inc will buy soda maker Dr Pepper Snapple Group Inc (DPS.N) in a deal worth more than $21 billion, bringing the world’s biggest single-serve coffee brand K-Cup and beverages such as 7UP, Snapple and Sunkist under one roof. The deal marks Germany’s JAB Holding Co latest push into the U.S. beverage market, after buying Keurig owner Green Mountain Coffee Roasters in 2016 and Mondelez’s international coffee business earlier. MORE AT REUTERS