LONDON: Confectionery giant Cadbury Schweppes has been given the green light by shareholders to spin off its North American beverages division.

The newly monikered Dr Pepper Snapple Group will begin trading on the New York Stock Exchange next month.

The company has been preparing for changes for more than a year. Plans to sell the division were ditched following the US credit crunch.

Data sourced from Wall Street Journal Online; additional content by WARC staff