Cadbury Schweppes has named four new board members for Dr Pepper Snapple Group, which will be the name of the company's beverage group after its demerger. The spinoff is expected to be completed on May 7.
The reintroduction of the Wispa chocolate bar and additional marketing for Dairy Milk have increased U.K. chocolate sales, Cadbury Schweppes reported. Further, Cadbury plans to list its drinks business, which will be renamed Dr Pepper Snapple Group, on the New York Stock Exchange.
Some forecasters are saying that a Kraft Foods spinoff might be imminent after Altria Group announced its earnings report would come a day later than expected. "Although there could be other reasons, possibly an acquisition, we are maintaining our thesis that Altria's board realizes that it must act now and spin off Kraft Foods since there is risk in waiting," one analyst said.