March 4, 2013
Dr Pepper Snapple (NYSE: DPS ) has agreed to a deal with Mondelez International (NASDAQ: MDLZ ) to reacquire distribution rights for several brands in certain Asia-Pacific markets.
The deal chiefly concerns the Snapple line of beverages, which Dr Pepper Snapple will have the right to distribute in Australia, Malaysia, Singapore, China, Hong Kong, Japan, and South Korea. The company will also hold such rights for Mott's, Mr & Mrs T, Clamato, Mistic, Holland House, and Yoo-hoo in Australia.
In the press release announcing the news, Dr Pepper Snapple didn't disclose the terms of the agreement. It added that it "does not anticipate that the acquisition will have any material effect on its 2013 financial results."
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