
Pepsi Bottling Group Inc. and Pepsi Americas Inc. were
spun out of PepsiCo Inc. (NYSE:PEP) 10 years ago. Now Pepsi is
buying them back in a $7.8 billion deal expected to close early next year. Will the fact that the units were once part of the parent make it easier to fold them back in?
In some ways it surely should. But a Monday morning
report in The Wall Street Journal on the just-announced retirement of a key player in the process, vice chairman Michael D. White -- who also led negotiations on the deal -- indicates that this is still no small project.
White (pictured), who will step down by year's end, says that there are 17 separate task forces at work on the integration. He also says he expects the "design and architecture" of the integration to be complete by the end of next month. -
Kenneth Klee
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