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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
Home / Markets / Industries / Retail
Tuesday, July 01, 2008
Dr Pepper Snapple Group Does Not Endorse Mini-Tender Offer
Comtex
PLANO, Texas, July 1, 2008 /PRNewswire-FirstCall via COMTEX/ ----Dr Pepper Snapple Group, Inc. (NYSE: DPS) announced today that it has been notified of an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase up to 4,000,000 shares of DPS' common stock, representing approximately 1.58 percent of DPS' outstanding shares. TRC Capital's offer price of $20.00 represents a 4.67 percent discount to the closing price of DPS' stock on June 30, 2008 ($20.98), the day prior to the date of the offer.
DPS does not recommend or endorse TRC Capital's unsolicited mini-tender offer. Mini-tender offers such as this one avoid many of the investor protections afforded for larger tender offers, including the filing of disclosure and other tender offer documents with the Securities and Exchange Commission (SEC) and other procedures required by United States securities laws. DPS is not associated with TRC Capital Corporation, its mini-tender offer or the offer documentation. DPS strongly urges investors to obtain current market quotations for their shares of DPS common stock, to consult with their financial advisors and to exercise caution with respect to TRC Capital's offer.
DPS is one of a number of different companies that TRC has targeted for a mini-tender offer. The SEC has issued an investor alert regarding these mini-tender offers. The SEC has noted that, in making the offers at below-market prices, bidders are "hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." The SEC's advisory may be found on the SEC's website at http://www.sec.gov/investor/pubs/minitend.htm.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc., (NYSE: DPS) is an integrated refreshment beverage business marketing more than 50 beverage brands to consumers throughout North America. In addition to its flagship Dr Pepper and Snapple brands, the company's portfolio includes 7UP, Mott's, A&W, Sunkist Soda, Hawaiian Punch, Canada Dry, Schweppes, Squirt, RC Cola, Diet Rite, PeAafiel, Rose's, Yoo-hoo, Clamato, Mr & Mrs T and other well-known consumer favorites. Based in Plano, Texas, Dr Pepper Snapple Group employs approximately 20,000 people and operates 24 bottling and manufacturing facilities and more than 200 distribution centers across the United States, Canada, Mexico and the Caribbean. For more information, please visit http://www.drpeppersnapple.com.
SOURCE Dr Pepper Snapple Group, Inc.
http://www.drpeppersnapple.com
Copyright (C) 2008 PR Newswire. All rights reserved
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