PLANO, Texas -- Cadbury Schweppes Plc has filed the initial forms with the Securities and Exchange Commission to begin the process of separating its Americas Beverages and confectionery businesses through a demerger of Americas Beverages.
According to the proposed demerger, Cadbury Schweppes' shareowners would receive shares in two new companies, Cadbury plc and CSAB Inc, which would hold the Americas Beverages business.
The company reported that after completion of the demerger, Cadbury plc would not have an equity interest [image-nocss] in CSAB. Cadbury said that as part of the demerger process, Cadbury Schweppes Americas Beverages has filed its initial Form 10 Registration Statement with the U.S. SEC.
The company noted that the filing includes, among other things, information on the industry, business, strategy and management of CSAB, and on risks related to both the separation and CSAB's business and operations.
Cadbury said that it does not expect the demerger to be completed before the second quarter of 2008 and that a final Form 10 would be filed with the SEC and sent to shareowners before the demerger becomes effective.
Plano, Texas-based Cadbury Schweppes Americas Beverages is one of the largest producers of soft drinks and premium beverages in the United States. Its brands include Dr Pepper, 7UP, Snapple and Mott's Apple Juice, among other brands.
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