Triarc Companies on June 21 announces planned IPO of beverage group, but does not release details, as SEC registration statement not filed yet. SEC filing likely early next week. Deal completion expected 3rd quarter. New company will be callled: "Snapple Beverage Group, Inc." (SBG). Will include Snapple, Royal Crown, Mistic and Stewart's. Speculation indicates IPO will be for about 20% of SBG. Analysts suggest total enterprise value of SBG will exceed $1 bil. Triarc will use proceeds to pay down debt. Mike Weinstein -- now CEO of Triarc Beverage Group -- will be CEO of new company. SBG's board chairman will be Nelson Peltz, chairman of Triarc. Triarc president/COO Peter May will be vice chairman of SBG. Board will include Peltz, May, Weinstein plus four independent directors. Though underwiters not yet announced, Wall Street sources say IPO's lead underwriter will be Morgan Stanley. Co-managers: DLJ, ING Barings and Lehman Brothers.