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Dr Pepper Snapple Group (DPS)

NYSE:DPS

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Dr Pepper Snapple Group, Inc.

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case No. 1:18-cv-00442, on behalf of shareholders of Dr Pepper Snapple Group, Inc. (“DPSG” or the “Company”) (NYSE:DPS) who have been harmed by DPSG’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed merger of the Company with Maple Parent Holdings Corp. (“Maple”), with its indirect subsidiary Keurig Green Mountain, Inc. (“Keurig”).

On January 29, 2018, the Board caused the Company to enter into an Agreement and Plan of Merger (“Merger Agreement”), under which the Company’s shareholders stand to receive a $103.75 cash dividend per share, plus stock constituting 13% of the combined company.

The complaint alleges that the preliminary proxy statement (the “Proxy”) filed with the Securities and Exchange Commission (“SEC”) on March 8, 2018, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Merger as fair to DPSG shareholders.

Contact Counsel

Nadeem Faruqi
James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/11/2018

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