Coca-Cola agrees to buy Schweppes brands outside U.S.

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Coca-Cola Co. said it has agreed to buy Cadbury Schweppes beverage brands in more than 120 countries for about $1.85 billion. The beverage brands include Schweppes, Dr Pepper, Crush and Canada Dry. Globally, Y&R Advertising has Schweppes and Dr. Pepper, and Foote, Cone & Belding has Canada Dry and Crush.

Copyright December 1998, Crain Communications Inc.

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