US soft drink giant PepsiCo has offered US$6BN to takeover its two largest bottlers. PepsiCo wants to gain greater control over its product sales in the US and has offered to buy out the shareholders of its two biggest bottlers. The offer comprises of stocks and cash. For every stock in Pepsi Bottling Group, PepsiCo offers $29.50 and $23.27 for Pepsi Americas Inc, which represents a 17% premium to their latest closing prices. PepsiCo would gain control of more than 80% of its sales value in N America if the takeover happens. It is reported that the takeover could save PepsiCo up to US$200M in pre-tax profit.
Origin
Unknown
Journal Title
Beverage Manager April 2009 11
Sector
Packaging Abstracts
Class
PA 414