Demerger
In March 2007, we announced that we intended to separate our confectionery and Americas Beverages businesses, now that both have the appropriate platforms to deliver greater value for shareowners as focused, independent businesses.
In October 2007, we confirmed that we intended the separation would take place by way of a demerger, after which the businesses would operate as independent and separately listed Groups with their own management teams and boards of directors.
After receiving shareholder approval and the sanction of the Court of England and Wales, the demerger was completed on 7th May 2008.
Following completion of the demerger, Cadbury plc (Cadbury) is the new holding company of the confectionery business with its primary listing on the London Stock Exchange and American Depositary Receipts listed on the New York Stock Exchange.
Dr Pepper Snapple Group, Inc. (DPS) is the new holding company of the Americas Beverages business and is listed on the New York Stock Exchange.
You will find more information at about DPSG, Inc.
For complete and accurate information, shareholders should read the documents which were sent to them by post and not just rely on the summary information set out here.
© 2010 Cadbury plc