Shareholders approve Cadbury Schweppes demerger

by Staff
Share This:

LONDON — Shareowners of Cadbury Schweppes P.L.C. approved the company’s plans to demerge the Americas Beverages business after a vote was taken at the general meeting and annual general meeting.

"This is a historic day for Cadbury Schweppes with shareowners overwhelmingly voting to separate the confectionery and beverage businesses after 40 years together," said Sir John Sunderland, chairman. "Today’s decision is a key step in the strategic evolution of the company toward the creation of two world leading consumer goods companies. Cadbury P.L.C. and Dr Pepper Snapple Group are both well placed to flourish as independent companies. I am confident that the focus allowed by their separation will translate into improved performance and rewards for shareowners in the years ahead."

The demerger was passed by 99% or 1,386,728,147 votes.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.