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BRIEF-Dr Pepper Snapple Group to acquire Bai Brands LLC

Nov 22 Dr Pepper Snapple Group Inc :

* Dr Pepper Snapple Group to acquire Bai Brands LLC

* Dr Pepper Snapple Group Inc - deal for $1.7 billion

* Dr Pepper Snapple Group Inc - deal for $1.7 billion

* Dr Pepper Snapple Group Inc - transaction is expected to be accretive to reported diluted eps in 2018.

* Deal will be financed through new unsecured notes and short term commercial paper

* Dr Pepper Snapple Group Inc - transaction is expected to be approximately $0.03 dilutive to reported diluted eps in 2017

* Have no plans to change existing shareholder dividends and share repurchase distributions

* Dr Pepper Snapple Group Inc - boards of both companies have approved transaction.

* Bai will operate within packaged beverages segment and continue to be led by founder Ben Weiss

* Dr Pepper Snapple Group Inc - cash purchase price includes a tax benefit of approximately $400 million on a net present value basis

* Dr Pepper Snapple Group to acquire Bai Brands LLC Source text for Eikon: Further company coverage:

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