Just two days after Cadbury Schweppes (CBRY) (CSG) said that the activist ex-owner of Snapple, Nelson Peltz, had bought a 3% stake, the company announced a far-reaching plan to break up the world's top confectionary business from the Americas beverage division.
"We believe now is the moment to separate and give both management teams the focused opportunity to extract the full potential inherent in these excellent businesses," said Chairman John Sutherland in a statement.