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De La Merced Pepsi Offers to Buy All Shares

De La Merced Pepsi Offers to Buy All Shares - De La Merced...

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De La Merced, Pepsi Offers to Buy All Shares, NYT, April 2009. “Pepsi Offers to Buy All Shares of 2 Main Bottlers” By MICHAEL J. de la MERCED http://www.nytimes.com/2009/04/21/business/21pepsi.html PepsiCo said early Monday it was offering to buy all remaining shares in its two main bottlers for about $6 billion, in a move that unwinds its decade-long strategy of separating bottling from its main soft-drink business. The company said the acquisitions would allow it to respond more quickly to changes in demand, particularly as consumers move away from carbonated beverages toward juices and water. Pursuing the Pepsi Bottling Group, or P.B.G., and PepsiAmericas would give the company control of 80 percent of its North American beverage volume. PepsiCo is offering $29.50 a share for the Pepsi Bottling Group and $23.27 a share for PepsiAmericas, a 17.1 percent premium over each bottler’s stock price as of Friday. PepsiCo currently owns about 33 percent of P.B.G. and 43 percent of PepsiAmericas. The deals require approval of the two bottlers’ boards and shareholders.
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