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Dr Pepper Snapple to buy Bai Brands for $1.7 bln
November 22, 2016 / 11:47 AM / in a year

Dr Pepper Snapple to buy Bai Brands for $1.7 bln

Nov 22 (Reuters) - 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 Tuesday.

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 network.

Reuters reported in October that Dr Pepper Snapple was in talks to acquire Bai Brands. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D‘Souza)

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