7 result(s) displayed (1 - 7 of 7):

Pepsi investing another $1B in Russia (from Corporate Dealmaker)

PepsiCo Inc. (NYSE:PEP) chairman and CEO Indra Nooyi is in Russia this week with U.S. President Obama -- and other corporate execs -- to increase business ties between the nations. The relationship could be significantly increased if companies feel there is stability in Russia, which has a rep for...

Posted on July 6, 2009 11:37 AM

PepsiAmericas creates joint venture (from Corporate Dealmaker)

Minneapolis-based PepsiAmericas Inc. (NYSE:PAS), fighting a takeover attempt by PepsiCo Inc. (NYSE:PEP), will launch a joint venture with Central America Beverage Corp. CabCorp bills itself as the 12th-largest company in Central America with sales of $480 million in 2008.The deal is to combine PepsiAmericas' Caribbean business, excluding the Bahamas, with...

Posted on May 18, 2009 2:50 PM

Pepsi Bottling acquires another bottler (from Corporate Dealmaker)

Pepsi Bottling Group Inc. (NYSE:PBG), the subject of a takeover attempt by PepsiCo Inc. (NYSE:PEP), is acquiring 50-year-old Haverhill, Mass.-based Pepsi-Cola Bottlers. Despite fighting a takeover bid, PBG feels it's business as usual as it pursues its growth strategy.In March, the bottler said it was acquiring Better Beverages Ltd.,...

Posted on May 15, 2009 3:00 PM

Pepsi sues over secret meeting (from Corporate Dealmaker)

Instead of raising its $6 billion cash-and-stock bid for its two biggest bottlers, PepsiCo Inc. (NYSE:PEP) filed suit in Delaware against Pepsi Bottling Group Inc. (NYSE:PBG) and certain of its directors. The suit claims the bottling group's board kept Pepsi in the dark about a meeting where it adopted...

Posted on May 11, 2009 11:47 AM

Pepsi may pay more for synergies (from Corporate Dealmaker)

Barring other tactics, PepsiCo Inc. (NYSE:PEP) will need to raise its $6 billion cash-and-stock bid for its two biggest bottlers. The transactions committee at PepsiAmericas Inc. (NYSE:PAS) followed suit with the special committee at larger Pepsi Bottling Group Inc. (NYSE:PBG), saying the offer "significantly undervalues the strategic benefits of system...

Posted on May 7, 2009 8:56 AM

Bottler to Pepsi: Pay up for those synergies! (from Corporate Dealmaker)

It looks like Pepsi Bottling Group Inc. (NYSE:PBG) is accusing PepsiCo Inc. (NYSE:PEP) of recession bidding. PepsiCo's $6 billion cash-and-stock offer to buy out the bottler and PepsiAmericas Inc. was reviewed by a special committee being advised by Morgan Stanley and Cravath, Swaine & Moore LLP.The committee decided the offer...

Posted on May 4, 2009 10:02 AM

Pepsi's bottler bid: Changing the channel again (from Corporate Dealmaker)

Compared to, say, information technology or pharmaceuticals, the consumers products business doesn't change dramatically over time. Tastes and distribution patterns do evolve, though, with interesting consequences for the industry's structure. Thus, 10 years after the spinoff of majority stakes in its bottling operations got underway with a $2.3 billion IPO,...

Posted on April 20, 2009 1:40 PM