Possible buyout of Cadbury Schweppes US beverage division by Blackstone and Lion Capital
On 15 March, Cadbury Schweppes annnounced plans to split up its confectionery and US beverages businesses. According financial news, the US beverages division may be bought by private equity groups like Lion Capital and Blackstone Group.
In 2005 Cadbury Schweppes sold its European beverages division, including the brands Schweppes, Orangina and Oasis, to Lion Capital and Blackstone for £1.3 billion pound.
See the following links for news report:
Cadbury working on £12.6bn break-up (The Times March 14, 2007)