HEADLINE:
Cadbury changes plan, will spin off Rye Brook's Snapple
QUOTE:
“This will enable shareholders to receive the benefit of any immediate cash surplus at the time of separation while ensuring the businesses are appropriately financed for their successful development and value creation in the longer term.”
STORY:
Cadbury Schweppes PLC, the parent company of Snapple Beverage Corp. of Rye Brook, plans to spin off its U.S. drinks unit, saying the credit crunch has made it difficult to sell the business.....
Full story: The Journal News
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