Front-Runner for Drinks Unit Emerges

Summary


A private equity consortium including Blackstone has emerged as the front-runner in the auction for Cadbury Schweppes's North American drinks unit in a deal worth up to pounds 7.5 billion.

Blackstone has teamed up with fellow players Kohlberg Kravis Roberts and Lion Capital, and is preparing to submit a second-round bid later this month.

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Front-Runner for Drinks Unit Emerges

A preferred bidder is...

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