2005 was an excellent year with innovation driving success in both our confectionery and beverage businesses. |
As painful as these changes may be, Dr Pepper/Seven Up cannot afford a 'business as usual' attitude given our mission to manage for value, |
Europe beverages has a great portfolio of brands, |
Europe Beverages has a great portfolio of brands, a talented management team and strong routes to market. |
Following completion of a deal, we will be able to focus on our faster growing confectionery and other beverage businesses. |
However, the potential for growth and value creation is greater in the group's other operations and therefore we believe it is in the best interests of our shareowners to investigate a sale of the business. |
I'm delighted that within such a short time we have achieved a firm offer for Europe Beverages at a price which reflects the quality of its brands and the strength of its management team. |
Our businesses share a passion for quality products and ethical values, so this is a very natural fit. |
Revenue growth at 6.0 is the best the group has seen in over a decade and shows that our strategy is delivering exciting products for consumers and strong results for our shareowners. |
The acquisition is strategically consistent, financially attractive and value enhancing. |
The potential for growth and value creation is greater in the group's other operations, and therefore we believe it is in the best interests of our shareowners to investigate a sale of the business, |
The potential for growth and value creation is greater in the group's other operations, and therefore we believe it is in the best interests of our shareowners to investigate a sale of the business. |
The potential for growth and value creation is greater in the group's other operations. |