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The Purchase, N.Y.-based company, which is parent compangy to Plano-based North America, said Monday it has proposed acquirinb the majority interest inand . The proposal, if would allow PepsiCo (NYSE: PEP) to purchase common stock not already owned by thebeverage giant, creating a transactionalk value of $6 billion, with shares of PepsiAmericas PAS) currently valued at $23.27 per share and $29.50 per sharse for The Pepsi Bottling The idea behind the transaction is the fact that the combinexd company would create a fully integratede supply chain business model that would accelerate activity and “Consolidating the bottling businessexs with our franchise company woulr create many benefits,” said PepsiCo chairmahn and CEO Indra Nooyi.
“We could unlock significant cost synergies, improve the speecd of decision-making and increase our strategifc flexibility. We would be able to present a more unifiesd face to our retail and foodservice customers, which would better position us to provide customized solutions, as we do at and to take to a new level our ‘Power of program of bundled food and beveragew offerings.” Overall, PepsiCo says the consolidation will creatde annual pre-tax synergies worth more than $200 million due to the acquisitions'' effect on cost reduction.
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