Keurig buys Dr. Pepper Snapple Group Inc. - KXLT - Fox 47 Rochester MN News, Weather, Sports #rochmn

Keurig buys Dr. Pepper Snapple Group Inc.

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(FOX NEWS) -

The k-cup may be getting some fizz. High-end coffee maker Keurig is buying the makers of Dr. Pepper and Snapple.

The deal would create a beverage giant worth $11-billion in annual sales. The companies represent several major brands including 7-up, Motts and Sunkist.

Shares of Dr. Pepper Snapple soared more than 39-percent before the opening bell. 

The acquisition must still be approved by shareholders of Dr. Pepper Snapple Group Inc.

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