A Canada-based drinks group is rumoured to be interested in merging with the US beverage operations of Cadbury Schweppes.
A report in today’s (13 April) Wall Street Journal claimed that the discussions between Cott Corp. and unnamed private equity groups were taking place, citing a source familiar with the talks. Trading in Cott shares have subsequently been suspended in Toronto today.
The report also cited people familiar with the situation as saying that several private equity firms are considering a bid for Cadbury’s brands, which include Dr. Pepper and 7 Up.
No-one was available for comment at Cott when contacted by just-food today.
Last month, UK-based Cadbury Schweppes said it would separate its Americas drinks operations from its confectionery business. The company said it was “evaluating the options for separation” and would shed further light on its plans in June.
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