From Legal Futures’ Associate Title Research.
Back in January 2018, Keurig Green Mountain agreed to buy the Dr Pepper Snapple Group. In the following months, the terms were agreed and on the 9th June, the merger between the Dr Pepper Snapple Group and Keurig Green Mountain was successfully completed.
The combined company is now operating under the name of Keurig Dr Pepper and has begun trading on the New York Stock Exchange using ‘KDP’ as their symbol.
The merger means that Keurig Dr Pepper Inc. now has an annual revenue of $11 billion, making them one of North America’s leading coffee and beverage companies.
How does the merger affect Dr Snapple Group shareholders?
There’s good news for shareholders as they are set to receive a one-off special dividend of $103.75 per share, as well as receiving their shares in the new Keurig Dr Pepper.
If Dr Snapple Group shareholdings are to be sold or transferred, this can now only be done with the new Keurig Dr Pepper share statements.
Dealing with North American Assets
Selling or transferring shareholdings in the US and Canada can be extremely complex. In order to obtain tax clearance from the Internal Revenue Service (IRS), a Federal Transfer Certificate may be required. It’s also very likely that you will need a Medallion Signature Guarantee when administering shares on the US or Canadian Stock Exchanges.
That’s why we recommend instructing an experienced asset repatriation specialist to administer foreign shares and funds on your behalf. Title Research can complete all the necessary paperwork, verify the shareholding and sell or transfer the asset. We’re one of the only companies outside of North America authorised to use the Medallion Signature Guarantee Stamp.
To find out more about how Title Research can help you administer foreign shares and funds, visit the website for more information or call 0345 87 27 600.