Nov 22 Soft-drinks maker Dr Pepper Snapple Group
Inc said it would buy Bai Brands LLC, a maker of
antioxidant beverages, for $1.7 billion in cash.
The purchase price includes a tax benefit of about $400
million on a net present value basis, Dr Pepper Snapple said on
Dr Pepper Snapple bought a minority stake in Bai last year
and is one of the company's "Allied Brands," which are
healthy-drinks companies that it distributes through its
Reuters reported in October that Dr Pepper Snapple was in
talks to acquire Bai Brands.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by