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>> The maker of Keurig coffee machines announced on Monday, it's buying Dr. Pepper Snapple, in a deal worth $21 billion. Putting Green Mountain Coffee, 7UP, Snapple and Sunkist into one beverage behemoth. Reuters' reporter, Chris Prentice.>> Well, they're both big companies to start with, but they're now getting bigger.
And it basically means that they're gonna be able to leverage their synergies and be able to sort of ship and distribute together, which is great news for Keurig.>> The news, sending shares of Dr. Pepper soaring on Monday. Keurig announcing the agreement earlier on Twitter, highlighting its new mix of hot and cold drinks.
Scooping up Dr. Pepper is the latest in a five-year string of acquisitions by Keurig's owner, JAB Holding.>> What we expect is that they will both be able to grow from this acquisition. Dr. Pepper will be kind of seeing some of that exposure to coffee that they weren't seeing as much of before.
And now Keurig Green Mountain will have access to all that distribution.>> As for the company's name, Keurig Dr. Pepper.