DMN: CEO drinking in possibilities for Dr Pepper/7Up
11:26 PM CDT on Saturday, April 7, 2007
PLANO – Gil Cassagne can't wait to get on with it.
The 50-year-old chief executive of Cadbury Schweppes Americas Beverages is in limbo, awaiting word on whether the company, best known for making Dr Pepper, 7Up and Snapple, will go public or be sold.
Last year, CSAB (as it's known) accounted for 35 percent of Cadbury's revenue and 54 percent of its operating profit.
Industry speculation is betting on an IPO or spinoff to existing shareholders. If it goes public, CSAB would instantly become a member of the Fortune 500. With 2006 revenue of about $5.5 billion, it would have ranked 392 on the last list.