date:May 09, 2014
ss, a pure play in coffee, to offer tremendous upside.
We expect to use the majority of the approximately $5 billion of cash proceeds to expand our share repurchase program, subject to board approval, she said. The balance of the cash proceeds will be used for debt reduction and for general corporate purposes.
She went on to pledge her commitment to maintaining an investment grade credit rating and said the transaction should be accretive to earnings per year in the first full year after closi