Tender-Offer Solicitation/Recommendation Statement — Schedule 14D-9
Filing Table of Contents
Document/Exhibit Description Pages Size
1: SC 14D9 Tender-Offer Solicitation/Recommendation Statement 17 96K
2: EX-99.1 Agreement and Plan of Merger 57 186K
11: EX-99.10 Letter to Stockholders 1 9K
12: EX-99.11 Option of Houlihan, Lokey, Howard & Zukin 3 15K
3: EX-99.2 Second Amended & Restated Mgmt. Agreement 15 55K
4: EX-99.3 Management Agreement - Rick Ferguson 8 33K
5: EX-99.4 Management Agreement - Roy Breneman 6 26K
6: EX-99.5 Form of Option Agreement Dated February 3, 1997 8 34K
7: EX-99.6 1996-97 Stock Option 8 36K
8: EX-99.7 Form of Option Agreement Dated February 4, 1997 8 32K
9: EX-99.8 Confidentiality Agreement Dated February 26, 1997 4 17K
10: EX-99.9 Press Release 2± 9K
EX-99.9 — Press Release
EX-99.9 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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EXHIBIT 9
DR. PEPPER BOTTLING COMPANY OF TEXAS TO ACQUIRE
SEVEN-UP/RC BOTTLING COMPANY OF SOUTHERN CALIFORNIA, INC.
FOR $12.00 PER SHARE
Dallas, Texas, March 3, 1997 --- Dr. Pepper Bottling Company of Texas
and Seven-Up/RC Bottling Company of Southern California, Inc. announced today
that they have entered into a definitive merger agreement providing for the
acquisition of Seven-Up/RC by Dr. Pepper Bottling at a price of $12.00 per
share. The agreement provides that DPB Acquisition Corp., a newly-formed
wholly-owned subsidiary of Dr. Pepper Bottling, will commence a cash tender
offer for all of the issued and outstanding shares of common stock of
Seven-Up/RC at a price of $12.00 per share, net to the seller in cash.
Following the completion of the tender offer, DPB Acquisition will be merged
with and into Seven-Up/RC, with each remaining share of Seven-Up/RC then
outstanding being converted into the right to receive cash in the same amount
as will be paid in the tender offer. As a result of the merger, Seven-Up/RC
will become a wholly-owned subsidiary of Dr. Pepper Bottling.
Jim L. Turner, Principal and Chairman of Dr. Pepper Bottling Company of
Texas said: "We're pleased about adding Seven-Up/RC Company of Southern
California to our company. The transaction will combine the largest Seven-Up
bottler in the country with the largest Dr. Pepper bottler. The dynamic
markets served by the combined companies represent exciting opportunities for
the future."
Bart S. Brodkin, President, CEO and Chairman of Seven-Up/RC Bottling
Company of Southern California said: "I am very excited about the merger of
our Company with Jim Turner and the Dr. Pepper Bottling Company of Texas. Jim
is a terrific bottler and one that I deeply respect. I believe this merger
will, most importantly, provide long term growth and stability for our
franchise partners and will strengthen the competitive posture of our core
beverage trademarks, most of which are already leaders in their respective
flavor categories."
The tender offer is subject to certain conditions, including there
being validly tendered and not withdrawn at least 65% of the issued and
outstanding shares of common stock of Seven-Up/RC on a fully diluted basis,
funding under the debt financing commitment obtained by Dr. Pepper Bottling,
and the expiration of the applicable waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act.
The merger agreement provides that Dr. Pepper Bottling will be entitled
to receive a fee in the event the transaction is not effected under certain
circumstances.
Dr. Pepper Bottling Company of Texas is the largest independent
franchise bottler of Dr. Pepper brand products, and is one of the largest
independent soft drink bottlers, in the United States. Dr. Pepper Bottling is
also one of the ten largest bottlers of SEVEN-UP brand products in the U.S.
Dr. Pepper Bottling's principal franchise territories are Dallas/Fort Worth and
Houston, Texas.
Dates Referenced Herein and Documents Incorporated by Reference
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