Stocks Finish Higher Aug 5, 2009
PepsiCo () agreed to buy its two biggest bottlers, Pepsi Bottling Group () and PepsiAmericas (), for $7 ... 50 per share for PepsiAmericas. (BusinessWeek)
Pepsi to absorb biggest bottlers Aug 5, 2009
Purchase, New York-based PepsiCo offered to buy both PepsiAmericas and Pepsi Bottling Group Inc. in April for $6 billion. PepsiAmericas later rejected the proposal, which called for PepsiCo to pay $23. (Albany Business Review, NY)
Stocks Land on Green, Extend Summer Aug 5, 2009
Existing users please login. Remember me on this computer. (Fox News)
Pepsi shares fizz on bottler deal Aug 5, 2009
It clinched the deals for Pepsi Bottling Group and PepsiAmericas months after earlier bids were snubbed ... It already owns 43% of PepsiAmericas and 33% of Pepsi Bottling Group. (BBC News -- Americas)
Pepsi Gets Back into Bottling Aug 5, 2009
8 billion in cash and stock for two of its bottlers, the Pepsi Bottling Group () and PepsiAmericas (). Together they control 80% of Pepsi's U.S. distribution. (BusinessWeek)
Earnings roundup: Viacom, Teva Pharmaceutical Jul 29, 2009
MINNEAPOLIS (AP) PepsiAmericas Inc., the second-largest Pepsi bottler, said Tuesday that its second-quarter profit fell 32 percent, weighed down by the stronger dollar and charges related to a joint venture. Related Searches. (Yahoo News -- Pharmaceutical Industry News)
PepsiCo 2Q Profit Falls 2 Pct on Sales Drop Jul 23, 2009
But Pepsi Bottling Group and PepsiAmericas rejected the $6 billion deal, saying it undervalued them. Analysts say PepsiCo must boost its offer to push the deal through, though PepsiCo hasn't done that yet. (ABC News -- Wire)
Local Industry News & Notes Jul 23, 2009
But Pepsi Bottling Group and PepsiAmericas rejected the 6 billion deal, saying it undervalued them. From wire reports. (Santa Maria Times)
Where you can get ahead, even in this economy Jul 14, 2009
Companies like 3M, General Mills, and cola bottler PepsiAmericas provide thousands of jobs, and while the area's unemployment rate is a high 8. 7 percent, it's still below the national average of 9. (MSNBC -- Business)
Pepsi investing $1 billion more in Russia Jul 7, 2009
The investment comes as PepsiCo is trying to buy out Pepsi Bottling Group and its other major bottler, PepsiAmericas. PepsiCo first offered $6 billion in April to buy out the two bottlers, saying owning them would help it operate more efficiently. (MSNBC -- Business)
Moody's releases credit ratings for Coke, Pepsi Jun 27, 2009
Earlier this year, Pepsi said it hoped to buy Pepsi Bottling Group and PepsiAmericas, moves that would add debt. Related Subjects. (Atlanta Journal-Constitution -- Business)
PepsiCo Builds Pressure on Bottler's Board to Reconsider $4 Billion Offer May 29, 2009
PepsiCo, based in Purchase, New York, last month made a $6 billion cash-and-stock offer to buy its two biggest bottlers, Pepsi Bottling and Minneapolis-based PepsiAmericas Inc. The Pepsi Bottling bid was originally valued at $29 ... PepsiAmericas also spurned the offer. (Bloomberg)
Pepsi Talks Fizzle May 28, 2009
PepsiCo Chairman and CEO Indra Nooyi bets that buying Pepsi Bottling and smaller bottler PepsiAmericas could save the company 200 million a year through cost cuts ... PepsiCo already has a 33 percent stake in Pepsi Bottling and a 43 percent stake in PepsiAmericas, and was offering a combined 6 billion for both companies ... 78, while PepsiAmericas shares slipped nearly 2 percent to 25. (New York Post -- Business)
PepsiAmericas enters C. American venture May 19, 2009
PepsiAmericas enters Central American venture - Minneapolis / St. Paul Business Journal ... PepsiAmericas enters Central American venture ... Under the deal, Minneapolis-based PepsiAmericas (NYSE: PAS) will combine its Caribbean business excluding the Bahamas with s Central American Operations in Guatemala, Honduras, El Salvador and Nicaragua. (Twin Cities Business Journal, MN)
Pepsi Bottling to buy Mass. bottler May 15, 2009
PepsiCo first offered to buy Pepsi Bottling Group and another bottler, PepsiAmericas, for $6 billion last month, saying owning its bottlers would help it cut costs and operate more efficiently. Both bottling companies rejected the deal, saying it undervalued them. (Boston Globe)
Law Office of Brodsky & Smith, LLC Announces Investigation On Behalf of Shareholders of the Pepsi Bottling Group May 14, 2009
On April 19, 2009, Pepsi made a proposal to acquire all of the outstanding shares of common stock that it does not already own in its two largest anchor bottlers, Pepsi Bottling and PepsiAmericas. The Pepsi Bottling board on May 4, 2009 rejected Pepsi's proposal and approved the adoption of a Shareholder rights plan that Pepsi has referred to as a ``poison pill. (Primezone Releases)
PepsiCo Sues Pepsi Bottling Group Over Meeting May 12, 2009
The lawsuit against Pepsi Bottling and some of its directors is PepsiCo's first official move since Pepsi Bottling and PepsiAmericas, the other top bottler, announced last week that they were rejecting PepsiCo's proposed $6 billion bid, saying the bid undervalued them. Somers, N.Y.-based Pepsi Bottling said in a statement Monday that the lawsuit is just a tactical move. (ABC News -- Wire)
Pepsico Bottling responds to Pepsi lawsuit May 12, 2009
also announced its intention to acquire the majority interest in PepsiAmericas (NYSE:PAS), which also shied away from making an official deal with PepsiCo to allow the beverage company to acquire outstanding shares of common stock ... PepsiAmericas is not part of the latest lawsuit against PepsiCo. (Dallas Business Journal, TX)
PepsiCo sues Pepsi Bottling May 12, 2009
PepsiCo filed the suit three weeks after it offered to buy the stakes in Pepsi Bottling and PepsiAmericas that it does not already own. Last week, both Pepsi Bottling and PepsiAmericas rejected PepsiCo's unsolicited takeover bids ... PepsiCo currently owns 33 percent and 43 percent of the outstanding shares of Pepsi Bottling and PepsiAmericas, respectively. (India Times)
Second Pepsi bottler snubs buyout May 8, 2009
PepsiAmericas has joined Pepsi Bottling Group in rejecting a buyout from the world's second-biggest manufacturer of soft drinks, PepsiCo ... PepsiAmericas said the PepsiCo offer "significantly undervalues" the company and the potential synergies ... It currently owns 43% of PepsiAmericas and 33% of Pepsi Bottling Group. (BBC News -- Business)
PepsiAmericas rejects PepsiCo buyout offer May 8, 2009
Purchase, N.Y.-based PepsiCo (NYSE: PEP) had been seeking a leaner, more agile business model when it that it would seek to buy its two largest bottlers, PepsiAmericas and Pepsi Bottling Group Inc. ... Minneapolis-based PepsiAmericas (NYSE:PAS) said PepsiCo s proposal significantly undervalues the distributor ... It s board voted unanimously to reject PepsiCo s offer to buy the remainder of PepsiAmericas stock. (Twin Cities Business Journal, MN)
Bottlers reject PepsiCo's offer May 8, 2009
PepsiAmericas is joining the larger Pepsi Bottling Group in rejecting a buyout offer from PepsiCo for its two biggest bottlers in North America. PepsiAmericas said yesterday that the bid undervalued the company. (Business Report, South Africa)
PepsiCo Announces Dividend Increase May 6, 2009
Such risks and uncertainties include, but are not limited to: PepsiCo's ability to enter into definitive agreements with respect to the proposed transactions (the "Proposed Transactions") with The Pepsi Bottling Group, Inc. ("PBG") and PepsiAmericas, Inc. ("PAS"); PepsiCo's ability to achieve the synergies and value creation contemplated by the Proposed Transactions; PepsiCo's ability to promptly and effectively integrate the businesses of PBG, PAS and PepsiCo; the timing to consummate the... (PR Newswire)
Pepsi Bottling sniffs at takeover offer May 5, 2009
The $6 billion proposal for Pepsi Bottling and PepsiAmericas would have let PepsiCo control about 80 percent of its total North American beverage volume. COCA-COLA NEWS Latest Headlines. (Atlanta Journal-Constitution)
Bottler rejects Pepsi's takeover offer May 5, 2009
PepsiCo has offered $6 billion for Pepsi Bottling Group and PepsiAmericas Inc., its two biggest bottlers, representing a 17 percent premium over their share prices. PepsiAmericas is still reviewing the offer ... 8 percent of Pepsi Bottling and 43 percent of PepsiAmericas. (Boston Globe)
Pepsi Bottling rejects PepsiCo acquisition offer May 4, 2009
The $6 billion proposal for Pepsi Bottling and PepsiAmericas would have let PepsiCo control about 80 percent of its total North American beverage volume. Pepsi Bottling says its board's decision was based on the unanimous recommendation of a special committee. (Fresno Bee -- Business)
Mountain Dew up, but Pepsi Americas down Apr 30, 2009
PepsiAmericas sales in Central and Eastern Europe declined 31 percent, to $183 million, and volumes declined 12 ... Sales in PepsiAmericas Caribbean market were $48 ... PepsiAmericas now expects its full-year-2009 adjusted earnings per share to be at the high end of its $1. (Raleigh Triangle Business Journal, NC)
PepsiAmericas' Q1 income down 11 percent Apr 30, 2009
Mountain Dew sales up, but PepsiAmericas' Q1 income declines - Minneapolis / St. Paul Business Journal ... Mountain Dew sales up, but PepsiAmericas' Q1 income declines ... PepsiAmericas sales in Central and Eastern Europe declined 31 percent, to $183 million, and volumes declined 12. (Twin Cities Business Journal, MN)
Coca-Cola bottler's profits beat forecast Apr 29, 2009
The largest bottler of drinks has been the subject of takeover speculation since last week, when launched an unsolicited bid for its largest bottlers, Pepsi Bottling Group Inc. and PepsiAmericas Inc. Several analysts have said that if Pepsi consolidates, Coke may have to follow suit to rebalance what they said could be a huge competitive advantage. John Brock, Coke Enterprises chief executive, dismissed that idea, and echoing comments made last week by Coca-Cola's CEO, he said the current... (Boston Globe)
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of PepsiAmericas Inc. Apr 28, 2009
Levi nsky, LLP Investigates Breach of Fiduciary Duty by the Board of PepsiAmericas Inc. - Yahoo ... Levi nsky, LLP Investigates Breach of Fiduciary Duty by the Board of PepsiAmericas Inc. ... NEW YORK, April 27, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky (``L&K'') is investigating possible breaches of fiduciary duty and other violations of state law by the board of directors of PepsiAmericas Inc. (``PepsiAmericas'' or the ``Company'') (NYSE: - ) in connection with a proposed acquisition of the... (Primezone Releases)
Are All These Mergers Good News for the Economy? Apr 28, 2009
By purchasing two of its bottlers, Pepsi Bottling Group and PepsiAmericas, Pepsi isn't looking to break into new markets or diversify. It's seeking to save money: The release described "annual pre-tax synergies estimated to be more than $200 million"i. (Slate)
More >> Apr 20, 2009
PepsiCo offered about $6 billion on Monday to buy the shares it does not already own in its two largest bottlers, Pepsi Bottling Group and PepsiAmericas, at the same time as reporting better-than-expected quarterly earnings ... 27 per share for PepsiAmericas, representing a 17 ... 223 shares of PepsiCo for each share of PepsiAmericas. (India Times)
PepsiCo Q1 net profit $1.14 bln, beats forecasts Apr 20, 2009
PepsiCo also said it planned to pay six billion US dollars to obtain full control of two of its main bottling operations, Pepsi Bottling Group and PepsiAmericas. The company, which also makes snack foods, said it would pay 29. (Sydney Morning Herald -- World)
Pepsi Q1 Net Drops 0.9%; Bids $6 Billion for Bottlers Apr 20, 2009
9%; Bids $6 Billion for Bottlers (PepsiAmericas Inc. (PAS), Pepsi Bottling Group Inc. (PBG), PepsiCo Inc. (PEP), (US713409), (US71343P), (US713448)) at SmartMoney ... The simultaneous offers for Pepsi Bottling Group Inc. (PBG) and PepsiAmericas Inc. (PAS) value each company's shares at about 17% above their trading price Friday ... It is making a separate offer for PepsiAmericas, at $23. (SmartMoney)
PepsiCo Delivers Solid First-Quarter Results; Reaffirms Full-Year Guidance Apr 20, 2009
The company's 2009 guidance does not include the impact of the proposed transactions with The Pepsi Bottling Group, Inc. and PepsiAmericas, Inc., which were also announced today ... If PepsiCo enters into definitive agreements in connection with the proposed transactions with The Pepsi Bottling Group, Inc. ("PBG") and PepsiAmericas, Inc. ("PAS") (the "Proposed Transactions"), PepsiCo plans to file with the Securities and Exchange Commission ("SEC") registration statements on Form S-4 containing... (PR Newswire)
PepsiAmericas CEO made $4.37M in 08 Mar 19, 2009
PepsiAmericas CEO made $4 ... PepsiAmericas CEO made $4 ... Pohlad, for instance, received $93,805 in compensation tied to use of PepsiAmericas plane. (Twin Cities Business Journal, MN)
Fluid Music Canada's Trusonic(R) Becomes Exclusive Provider of Internet Delivered Music and Messaging to Airport Marketing Income Feb 24, 2009
Clients include: Airborne, Bank of America, Dunkin' Brands, PepsiAmericas, Under Armour, Siemens, and Yahoo. For more information on AMI, visit www. (Canada Newswire)
PepsiCo profit falls, matches Wall St view Feb 14, 2009
Given current market conditions, Pepsi said it does not anticipate selling shares of its anchor bottlers Pepsi Bottling Group Inc. or PepsiAmericas Inc. this year, though it expects to spend up to $2. 5-billion buying back its own shares. (Globe and Mail -- Business)
