Hot or Cold Drink…
Keurig Green Mountain will buy Dr. Pepper Snapple (DPS) creating a company with dozens of iconic brands such as A&W in the same portfolio of products. Keurig shareholders will own 87 percent of the new business called Keurig Dr. Pepper. The company will be headed by Keurig chief executive Bob Gamgort. Dr. Pepper shareholders will receive $103.75 per share in a special cash dividend and will own 13 percent off the combined company. The move comes as Green Mountain has cut staff amid tougher competition from coffee rivals. While Snapple has been under pressure to combat the health impacts of sugary drinks. According to the Keurig the deal will unlock the opportunity to combine hot and cold beverages and create a platform to increase exposure to high growth channels.
Exxon Mobil announced Monday it will invest more than $50 billion to expand its business in the U.S. over the next five years. According to Chairman and CEO Darren Woods, the investments are possible because of the company’s strength and the recent tax cuts. The new investment will allow the company to build new manufacturing plants and increase oil production in Texas and New Mexico.
Asia: Asian shares closed lower on Tuesday, tracking declines from Wall Street.
Europe: European indexes closed lower on Monday as bond yields continue to go up while prices go down.
U.S: U.S markets tumbled on Monday as investors took profits. DJIA: -177.23 26,439.48 NASDAQ: -39.27 7466.51 S&P: -19.34 2853.53
Word of The Day:
A statistical technique used to even out periodic swings in statistics or movements in supply and demand related to changing seasons.
Dinner or Drink:
2 scoops of ice cream
2 oz. half-and-half
1 oz. cherry juice
3 oz. Frangelico® hazelnut liqueur
Frappe all the above ingredients EXCEPT the cherries pour into the Mason jar and top with the cherries.