Dr Pepper Snapple Approves $1B Buyback Plan

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    Soft drink maker Dr Pepper Snapple says its board has approved a plan to buy back up to $1 billion of the company's shares over the next three years.

    Dr Pepper Snapple Group Inc. says in all it has now authorized $2 billion of stock repurchases. Of this, there is now $1.45 billion left outstanding.

    Shares of the Plano, Texas, company last traded at $38.58.