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)
Data helps extend Wall Street rally; Kraft slips late Aug 5, 2009
06 after it said it agreed to buy Pepsi Bottling Group Inc (PBG.N) and PepsiAmericas Inc (PAS.N) in a deal worth 7. 8 billion, as the second-largest soft drink maker behind Coca-Cola Co (KO.N) seeks to cut costs and boost profits in North America. (Yahoo News -- Press Releases)
PepsiCo deals a welcome windfall for investors Aug 5, 2009
50 per share for Pepsi Bottling Group Inc (PBG.N) and 28 ... The shares of both Pepsi Bottling Group and PepsiAmericas had been trading above the initial offer price, indicating investors expected a higher offer to emerge ... "The share prices of both Pepsi Bottling Group and PepsiAmericas since the original buyout offer in April reflected that Pepsi would come back with a higher bid," said Paul Foster, an option strategist at Web information site. (Yahoo News -- Press Releases)
PepsiCoreaches $7.8B deal for bottlers Aug 5, 2009
4 it plans to buy its two biggest bottlers, Pepsi Bottling Group and PepsiAmericas, in multibillion-dollar deals ... MILWAUKEE - Months after its first offers were rejected, PepsiCo Inc. said Tuesday it plans to buy its two biggest bottlers, Pepsi Bottling Group and PepsiAmericas, in deals worth a total of $7 ... 50 per share for the shares it does not own of Somers, N.Y.-based Pepsi Bottling Group and $28. (MSNBC -- Business)
Ministers of hope Aug 4, 2009
Cub Scout Pack 565 of Deltona is collecting school supplies that can be left off at the Allstate Insurance office, 1705 Providence Blvd., Deltona; the Walgreens at Providence Boulevard and Elckam Boulevard in Deltona; Pepsi Bottling Group, 860 Bellevue Ave., Daytona Beach; or Coggin DeLand Ford, 2655 N. Volusia Ave., Orange City. More information: Tammie Brittain, 386-956-2472. (Daytona Beach News Journal)
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)
Selloff Vanishes After Late Rally Jul 9, 2009
Pepsi Bottling Group (PBG) exceeded estimates with an adjusted-profit of 78 cents per share in the second quarter thanks to cost-cutting moves and price hikes. The bottler also said it sees an annual profit at the high end of its earlier guidance. (Fox News)
* World Business Quick Take Jul 8, 2009
With its biggest bottler, Pepsi Bottling Group Inc, PepsiCo plans to invest another US$1 billion in Russia over three years, taking the partnerships Russian stake above US$4 billion just as US President Barack Obama opens his first official visit to Moscow. Pepsi in 1974 became the first Western consumer product to be made and sold in the USSR.. (Taipei Times, Taiwan -- Business)
Pepsi investing $1 billion more in Russia Jul 7, 2009
With its largest bottler, Pepsi Bottling Group Inc., PepsiCo plans to invest another $1 billion in Russia over three years, taking the partnership's Russia stake above $4 billion just as President Barack Obama opens his first official visit to Moscow ... Pepsi Bottling Group Chief Executive Eric Foss called the country an "attractive growth market." ... Pepsi Bottling Group, based in Somers, New York, is the world's largest manufacturer, seller and distributor of Pepsi-Cola beverages and has... (MSNBC -- Business)
PepsiCo increases Russian presence Jul 7, 2009
With its largest bottler, Pepsi Bottling Group Inc., PepsiCo plans to invest another $1 billion in Russia over three years, taking the partnership s Russia stake above $4 billion just as President Obama opens his first official visit to Moscow. The announcement also nearly coincides with the 50th anniversary of the momentous Kitchen Debate between then-Vice President Richard Nixon and Soviet leader Nikita Khrushchev, who clashed over communism and capitalism and shared several rounds of... (Boston Globe)
PepsiCo and Pepsi Bottling Invest $1B in Russia Jul 7, 2009
Soft drink and snack maker PepsiCo says it will team up with its largest bottler, Pepsi Bottling Group, to invest $1 billion in Russia over three years. PepsiCo calls it part of a long-term strategy to expand in emerging markets. (ABC News -- Business)
SRS job fairs planned at Paine, Aiken Tech Jul 7, 2009
With its largest bottler, Pepsi Bottling Group Inc., PepsiCo plans to invest another $1 billion in Russia over three years, taking the partnership's Russia stake above $4 billion as President Obama visited Moscow. From the Tuesday, July 07, 2009 edition of the Augusta Chronicle Reader Comments Note: Comments are not edited and don't represent the views of The Augusta Chronicle. (The Augusta Chronicle)
PepsiCo and Pepsi Bottling Group to Invest $1 Billion In Russia 50 Years After Russians Had Their First Taste of Pepsi-Cola Jul 6, 2009
MOSCOW, July 6 /PRNewswire-FirstCall/ -- PepsiCo, one of the world's largest food and beverage companies, announced today that it plans to invest US$1 billion in Russia over three years, together with its partner The Pepsi Bottling Group (PBG) ... The Pepsi Bottling Group, Inc. (NYSE: ) is the world's largest manufacturer, seller and distributor of Pepsi-Cola beverages. (PR Newswire)
Analyst Picks and Pans: Alcoa, PepsiCo, Discover Jun 30, 2009
Stifel Nicolaus nalyst Mark Swartzberg said on June 29 that PepsiCo Inc. and its largest bottler, Pepsi Bottling Group Inc., are poised to grow even if PepsiCo fails in its bid to take over its two biggest bottlers ... PepsiCo, maker of drinks like Gatorade and Pepsi colas, has been trying to buy Pepsi Bottling Group and another bottler, PepsiAmericas Inc., saying owning its bottlers would help it cut costs and operate more efficiently ... For Pepsi Bottling Group, Swartzberg said the Somers,... (BusinessWeek)
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)
Pepsi Bottling raises Q2, FY '09 earnings view Jun 2, 2009
(Reuters) Pepsi Bottling Group (PBG.N) raised its second-quarter earnings view by 5 cents, helped by a growing demand for soft drinks in the US and lower commodity prices. "Improving fundamentals in our U.S. and Canada business, coupled with the success of our global pricing strategy, are producing solid results," Chief Executive Eric Foss said in a statement. (Yahoo News -- Press Releases)
Stock futures flat to lower ahead of pending home sales Jun 2, 2009
Pepsi Bottling Group Inc (PBG.N) boosted its second-quarter and full-year 2009 earnings outlook, citing improved carbonated soft drink performance in the United States. Improving confidence may lessen U.S. banks' interest in programs designed by the government to reduce toxic assets on their balance sheets, U.S. Treasury Secretary Timothy Geithner told CNBC during a visit to Beijing. (Yahoo News -- Press Releases)
PepsiCo Builds Pressure on Bottler's Board to Reconsider $4 Billion Offer May 29, 2009
PepsiCo abstained from voting on the re-election of eight of Pepsi Bottling Group Inc.s at its annual meeting in Somers, New York, yesterday, said the people, who declined to be identified because PepsiCos votes wont be disclosed publicly. PepsiCo also voted against the stock plan, they said. (Bloomberg)
Pepsi Talks Fizzle May 28, 2009
More than a month after the soft-drink giant made an offer to buy Pepsi Bottling Group, and the bottler rejected it, sources on both sides of the discussions told The Post that the companies haven't spoken and in fact are at an impasse. While many on Wall Street assumed that both companies were holding talks behind the scenes, people familiar with the matter said there's been radio silence on both sides since at least May 4, when Pepsi Bottling rejected PepsiCo's April 20 offer, which was at a... (New York Post -- Business)
Pepsi Bottling to buy Mass. bottler May 15, 2009
SOMERS, N.Y. - Pepsi Bottling Group Inc., the largest bottler for soft drink maker , said yesterday that it plans to buy a fellow bottler in Massachusetts ... 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. (Boston Globe)
Law Office of Brodsky & Smith, LLC Announces Investigation On Behalf of Shareholders of the Pepsi Bottling Group May 14, 2009
Law Office of Brodsky , LLC Announces Investigation On Behalf of Shareholders of the Pepsi Bottling Group - Yahoo ... Law Office of Brodsky , LLC Announces Investigation On Behalf of Shareholders of the Pepsi Bottling Group ... May 13, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of the Pepsi Bottling Group (``Pepsi Bottling'' or the ``Company'') (NYSE: - ) relating to the proposed acquisition by... (Primezone Releases)
PepsiCo Sues Pepsi Bottling Group Over Meeting May 12, 2009
PepsiCo sues Pepsi Bottling Group over approval of "poison pill" ... Purchase, N.Y.-based PepsiCo contends Pepsi Bottling Group didn't give proper notice of the meeting where the bulk of the bottler's board voted to reject the offer and approved a shareholder rights plan. (ABC News -- Wire)
Pepsico Bottling responds to Pepsi lawsuit May 12, 2009
Inc. has filed suit against The , not long after Pepsi Bottling Group Inc. issued a statement saying its board of directors has rejected a PepsiCo offer to purchase outstanding common shares in the company ... The suit alleges Pepsi Bottling Group, which is already one of Pepsi s main bottling service units, put anti-takeover measures in place without having two board members who represent PepsiCo present at the time, Reuters news reported Monday. (Dallas Business Journal, TX)
PepsiCo sues Pepsi Bottling May 12, 2009
CHICAGO: PepsiCo Inc sued Pepsi Bottling Group and eight directors on Monday, challenging recently enacted anti-takeover measures at the bottler, which it wants to buy. PepsiCo said that the anti-takeover measures were passed at an invalid board meeting, which was held without the two members representing the soda maker being informed of the date. (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 ... It currently owns 43% of PepsiAmericas and 33% of Pepsi Bottling Group ... Earlier in the week, Pepsi Bottling Group criticised the $29. (BBC News -- Business)
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)
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.. Pepsi Bottling Group is based in Somers, N.Y. and it rejected PepsiCo. (Twin Cities Business Journal, MN)
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)
Business briefs: SBA workshop set May 14 May 5, 2009
Pepsi Bottling Group said it has rejected what it called a "grossly inadequate" $6 billion acquisition offer from PepsiCo, but analysts said that doesn't mean the deal is over, just that Pepsi needs to offer more money. Management of the 137-year-old Boston Globe backed off -- at least temporarily -- on a threat to file a notice required by federal law to begin the process of shutting down the newspaper. (Fresno Bee)
Pepsi bottler rejects Pepsico bid May 5, 2009
Pepsi Bottling Group has rejected a buyout from the world's second biggest manufacturer of soft drinks, PepsiCo ... But Pepsi Bottling Group has criticised the $29. (BBC News -- Business)
Bottler rejects Pepsi's takeover offer May 5, 2009
ATLANTA -Pepsi Bottling Group Inc.'s board rejected as "grossly inadequate" cash-and-stock proposal for control of the company. 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 ... PepsiCo spun off its soda distribution unit into Pepsi Bottling Group in 1999 so it could consolidate bottlers to cut costs without taking the debt onto its balance sheet. (Boston Globe)
Pepsi Bottling rejects PepsiCo acquisition offer May 4, 2009
SOMERS, N.Y. -- Pepsi Bottling Group has turned down soft drink maker PepsiCo's acquisition proposal, calling the offer "grossly inadequate.". The $6 billion proposal for Pepsi Bottling and PepsiAmericas would have let PepsiCo control about 80 percent of its total North American beverage volume. (Fresno Bee -- Business)
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)
Bottled water may have sickened 12 kids Apr 28, 2009
Jeff Dahncke, spokesman for The Pepsi Bottling Group, which manufactures Aquafina, said there is no evidence any contamination was caused by the companys manufacturing process. Don't miss this on msnbc. (MSNBC -- Health)
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of The Pepsi Bottling Group, Inc. Apr 28, 2009
Levi nsky, LLP Investigates Breach of Fiduciary Duty by the Board of The Pepsi Bottling Group, Inc. - Yahoo ... Levi nsky, LLP Investigates Breach of Fiduciary Duty by the Board of The Pepsi Bottling Group, 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 The Pepsi Bottling Group (``Pepsi Bottling'' or the ``Company'') (NYSE: - ) in connection with a... (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)
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. (SmartMoney)
PepsiCo offers $6bn for bottlers Apr 20, 2009
50 per share in Pepsi Bottling Group, and $23 ... PepsiCo currently owns 33% of Pepsi Bottling Group, and 43% of Pepsi Americas. (BBC News -- Business)
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)
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)
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 ... 50 per share in cash and stock for The Pepsi Bottling Group and $23. (India Times)
Business briefs: Fresno bank declines bailout Mar 27, 2009
Pepsi Bottling Group said that it is increasing its quarterly dividend by a penny to 18 cents per share. Southwest Airlines said it reached a tentative four-year deal that provides raises for its 9,800 flight attendants. (Fresno Bee -- Business)
Green Light AIG Bonuses Mar 24, 2009
Pepsi's Foreign Fizz Pepsi Bottling Group continues to grow its global business despite major economic pressure. Delivering The New 'Pop' Pepsi Bottling Group CEO on catering to a more health-conscious market. (Forbes -- Business)
U.S. Army Reserve and 11 Denver and Colorado State Employers Launch Public-Private Partnerships Mar 21, 2009
The 11 Denver companies and organizations are: Adecco, BC Services, City of Denver, CICSCO, Front Range Airport, Loomis, NorthGlenn Dodge, Pennica Financial Group, Pepsi Bottling Group and Western Freightways, plus the State of Colorado. "I'm pleased to officially begin an enduring strategic partnership with so many of Denver's leading employers and the State of Colorado," said Maj. (PR Newswire)
Rebuilding Together(R) Greater Harrisburg and The Pepsi Bottling Group Team Up to Repair Silence of Mary Community Center Feb 21, 2009
Feb. 21 /PRNewswire-USNewswire/ -- Rebuilding Together Harrisburg and the local Harrisburg Pepsi Bottling Group (PBG) will team up to repair the Silence of Mary community center ... Funding for the project has been made available through a grant from The Pepsi Bottling Group. (PR 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)
Profits drop for Pepsi bottler Feb 11, 2009
Pepsi Bottling Group, Pepsi s largest bottler, said Tuesday that its fourth-quarter profits and sales volume declined amid a broadening economic slowdown. The Somers, N.Y.-based bottler also projected a drop in earnings for 2009. (Atlanta Journal-Constitution -- Business)
