European Commission clears PepsiCo's acquisition of Pepsi Bottling Group
Oct 28, 2009 (M2 EQUITYBITES via COMTEX) --
Companies: Pepsi Bottling Group, Inc. (The)
(PBG), PepsiCo, Inc.
(PEP)
The European Commission said on Tuesday that it has cleared the
proposed acquisition by US food and beverage company PepsiCo Inc
(NYSE:PEP) of one of its bottlers, Pepsi Bottling Group Inc (NYSE:PBG).
Following an investigation the Commission concluded that the deal would
not significantly impede effective competition in the European Economic
Area (EEA).
PepsiCo already owns 33% of Pepsi Bottling Group and in August it
announced an agreement to acquire the outstanding shares for USD36.50
per share. The bottling company was previously spun off from PepsiCo in
1999.
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News Provided by COMTEX
Companies: Pepsi Bottling Group, Inc. (The)
(PBG), PepsiCo, Inc.
(PEP)
Related terms: acquisition, investigation, nyse
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