April 13, 2008
Cadbury Schweppes Shows GE the Way
On Apr. 11, Cadbury Schweppes shareholders voted to spin off the company's U.S. drinks division. The newly independent chocolate, candy, and gum business is to be listed on the London Stock Exchange on May 2. The new U.S. drinks business—which will be named Dr. Pepper Snapple Group (DPSG) and is set to be listed on the NYSE on May 7. General Electric, an unwieldy conglomerate of the 60s, should follow Cadbury's example and spin off several of its under performing units (or it few well-performing units) to separate the cash cows from the dogs.
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