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Cadbury Schweppes PLC.

Britain's Cadbury Schweppes PLC, the maker of Dr. Pepper and Dairy Milk chocolate, announced plans to split its candy and beverage businesses Thursday to boost the value of its shares. Cadbury, the world's largest candymaker, said the move will help unlock value for shareholders and comes after it had spoken and received support for the split from over 40 percent of its shareholders over the last month. The core candy side will contain Dairy Milk chocolate and Trident chewing gum, while the beverage side would own the Dr. Pepper and Snapple brands. Further details on the split will come with the group's trading update on June 19.
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Title Annotation:BUSINESS BRIEFS
Publication:Food & Drink Weekly
Date:Mar 19, 2007
Words:107
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