PepsiCo announced today that it has completed acquisitions of its two largest bottlers, The Pepsi Bottling Group, Inc, and PepsiAmericas, Inc.  The US$7.8 billion dollar acquisition is intended to streamline PepsiCo’s operations and facilitate faster and more integrated product delivery. In addition to allowing PepsiCo to consolidate its operations, the company hopes to increase product bundling and joint promotions with its many food and beverage product lines, particularly savoury snacks. ... ...Read more »

PepsiCo, one of the world’s largest food and beverage manufacturers, has announced an improved takeover offer has been accepted by the Boards of their two largest bottlers. Pepsi Bottling Group and Pepsi Americas, who both operate in Europe, North America and Central America, entered into definitive merger agreements with PepsiCo after initially rejecting the approaches of their major shareholder. This forced PepsiCo to offer just under a quarter more than their initial proposal to reap back... ...Read more »

PepsiCo, one of the world’s largest food and beverage companies, has announced plans for a US$1 billion (A$1.25b) investment in Russia over three years, together with its partner The Pepsi Bottling Group (PBG) as they look to emerging economies to counter a weak American marketplace. “I am delighted to announce that over three years we expect to invest $1 billion in our beverage and food businesses in Russia,” said PepsiCo Chairman and Chief Executive Officer Indra Nooyi. “This... ...Read more »

PepsiCo has continued in its bid to acquire its two US anchor bottlers Pepsi Bottling Group and PepsiAmericas, and remains convinced that there are annual synergies of at least $200 million. After rejections from both bottlers last month, who claim the proposal undervalues their worth, PepsiCo believes there is no justification for the estimates that PBG released yesterday of purported annual synergies of $750 million to $850 million. By way of comparison, PBG previously communicated to PepsiCo that... ...Read more »

PepsiCo announced overnight that it would sue Pepsi Bottling Group (PBG) and some of its directors. The news comes in the wake of PBG, Pepsi’s largest bottler, declining a takeover proposal from PepsiCo. The suit alleges that the defendants intentionally failed to provide notice of a recent PBG Board meeting to the PBG directors affiliated with PepsiCo. At that meeting, the directors in attendance claim to have adopted a “poison pill”, implemented certain new executive compensation... ...Read more »

PepsiCo’s bid to regain control over their distribution in the US has received another blow overnight with bottler Pepsi Americas rejecting their takeover offer. Last month PepsiCo made a takeover proposal to their two largest bottlers, Pepsi Bottling Group (PBG) and Pepsi Americas (PAS), in a move designed to allow them to react quicker to market changes by taking over distribution. The offer has now been rejected by both bottlers, who claim the proposal undervalues their worth. PepsiCo currently... ...Read more »

PepsiCo’s bid for their largest bottler, The Pepsi Bottling Group (PBG), has been rejected as “grossly inadequate”. PepsiCo announced their intention to purchase their two largest bottlers – PBG and PepsiAmericas – around a fortnight ago as part of their plan to gain greater control over distribution. Such a move would enable the group to react to market changes and introduce new innovations more swiftly, consequently providing a competitive advantage over their main... ...Read more »

A class action lawsuit has been filed by two pension funds against the Pepsi Bottling Group alleging breaches of duty arising out of their attempt to sell Pepsi Bottling Group to PepsiCo. The surprise offer by PepsiCo for their two primary US bottlers – Pepsi Bottling and PepsiAmerica – was announced last week in an attempt to gain greater control over distribution. The move comes a decade after PepsiCo sought to separate itself from its bottlers, believing it would help the company focus... ...Read more »