21 result(s) displayed (1 - 21 of 21):
It's true. PepsiCo Inc. (NYSE:PEP) and Anheuser-Busch InBev SA (NYSE:BUD) will purchase goods and services together -- "effectively managing costs that can be reinvested back into areas that will grow their businesses." Many corporate giants have restructured their businesses to cut costs and invest in growth areas, but this...
Posted on October 14, 2009 2:50 PM
Keep your millions, our coconuts have staying power. That seems to be the sentiment of Michael Kirban, founder of coconut water beverage company Vita Coco. The New York Post reported that Kirban recently turned down multimillion-dollar investments from Coca-Cola Co. (NYSE:KO) and PepsiCo Inc. (NYSE:PEP). Initially, it seems like a...
Posted on September 21, 2009 4:25 PM
Wall Street underestimated Pepsi Bottling Group Inc. (NYSE:PBG), which said second-quarter profit rose 21% on a tax gain and slower declines in Canada and the U.S. On the flip side, though, its revenue missed Street expectations. Sales of bottled water and more expensive offerings, like ready-to-drink teas, have weakened during...
Posted on July 8, 2009 3:30 PM
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
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 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
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
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
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
As its earnings report showed a 10% drop in net income for the first quarter, Coca-Cola Co.'s (NYSE:KO) president and chief executive Muhtar Kent is very confident about the beverage giant's position in the global economic downturn. And with the $2.4 billion it has after a failed bid for China...
Posted on April 22, 2009 3:54 PM
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
Less than a month ago, China's Ministry of Commerce blocked Coca-Cola Co.'s (NYSE:KO) $2.4 billion bid for China Huiyuan Juice Group Ltd., the country's No. 1 juice maker. Authorities cited a possible deterioration of competition. That leaves Huiyuan still looking for partners, and it says several parties are interested in...
Posted on April 16, 2009 4:25 PM
PepsiCo Inc. and partner Strauss Group will open a state-of-the-art manufacturing facility in Virgina to accelerate North American distribution of Sabra dips through their joint venture. Sabra Dipping Co. was formed in March to capitalize on the popularity of Sabra products, namely its hummus dip. The JV is part of...
Posted on November 24, 2008 9:44 AM
As U.S. sales stall, PepsiCo Inc. is looking abroad to boost profits. Thursday, the Purchase, N.Y.-based beverage giant said it would invest up to $3 billion in Mexico -- where it has more than 40,000 employees -- over the next several years. Two billion dollars will go to R&D, manufacturing...
Posted on November 21, 2008 9:46 AM
The Deal's Matt Miller said to panelists at The Deal's M&A Outlook 2009 conference: "We've been talking primarily about inbound investment to the U.S. Let's reverse ourselves and look at outbound M&A. How has this been affected by the financial meltdown? Are we still seeing interest in investing in...
Posted on November 11, 2008 2:10 PM
Now that's a stimulus package.China said Sunday it will spend $586 billion through 2010 (nearly 16% of last year's GDP, The Wall Street Journal reported) to keep its economy growing above the 8% rate it considers necessary to keep unemployment at bay and the country's transformation rolling forward.Though it's apparently...
Posted on November 10, 2008 10:46 AM
PepsiCo Inc. announced Monday it would spend $1 billion through 2013 to expand its presence in China. The company plans to build manufacturing facilities, expand research and development efforts, and build a national sales and distribution force. China is one of PepsiCo's fastest-growing markets.The investment is part of the beverage...
Posted on November 3, 2008 12:47 PM
Two Russian headlines Thursday highlight the contradictions of dealmaking in that country. On the one hand, PepsiCo Inc. is buying Russia's biggest juice producer JSC Lebedyansky for $1.4 billion, according to this story in The Deal. Present in Russia since 1959, Pepsi no doubt has a good feel for the market...
Posted on March 20, 2008 1:44 PM
Before he became the CFO working to fix Cott, Juan Figuereo did nearly a career's worth of emerging market work for PepsiCo and Wal-Mart. He learned much about deals along the way...
Posted on March 12, 2008 2:27 PM
Coca-Cola Co. beat analyst expectations, reporting a fourth-quarter net income increase to $1.21 billion from $678 million in the previous quarter. The boost: soda sales in the emerging markets, a weak dollar and the noncarb drinks it has...
Posted on February 13, 2008 1:12 PM
How consumer-products companies should think about acquisition-driven growth in adjacent categories.
Posted on December 15, 2003 5:15 PM
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Juergen Lasowski
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