Terry Smith makes a mint from $18.7 billion Dr Pepper Snapple takeover deal
Betaville has been feeling a bit sore this week after a couple of mega deals were announced in the last fortnight that this website failed to get the scoop on.
One of those missed stories was the $18.7 billion takeover of Dr Pepper Snapple by Keurig Green Mountain, which is backed by the billionaire Reimann family.
But those people feeling rather pleased about the takeover are likely to include Terry Smith, the punchy former City analyst who now runs Fundsmith, a investment fund styled on Warren Buffet's way of investing in solid companies over the long term.
Well, Fundsmith has owned shares in Dr Pepper Snapple for quite some time, so unsurprisingly the company was one of Smith's best performers in January!..