Dr. Pepper Snapple Group (DPS) announced after the bell Tuesday that it agreed to license certain brands to PepsiCo Inc. (PEP) on completion of PepsiCo's proposed acquisitions of The Pepsi Bottling Group Inc. (PBG) and PepsiAmericas Inc. (PAS). Dr. Pepper Snapple will receive a one-time upfront payment of $900 million. The stock is now up 1.45 on 9K shares.
Dr. Pepper Snapple fell early Tuesday, but recovered some ground during the second half of the morning. Shares finished down by 0.19 at $26.75.
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