US: Ocean Spray extends discussions on Pepsi deal
Ocean Spray, the cranberry producing cooperative, has extended the time it is giving its members to decide on whether to sell part of its juice business to PepsiCo, after the soft drinks giant updated its offer.
Votes were meant to be completed by Friday , and it is thought the majority had backed independence from the multi-national.
However, having received the updated offer, Ocean Spray's board, which are themselves thought to back the PepsiCo offer, will send out the latest information to growers and give them until Friday, June 4, to cast their votes.
Growers who have already cast their ballots will be able to switch sides if they choose.
No details of Pepsi's latest proposal were available, previous deal called for a joint venture where Ocean Spray growers would control the agricultural cooperative with PepsiCo taking over the management control of Ocean Spray's branded juice business.
In the battle of the giants, PepsiCo has stolen a march on Coca-Cola over the last year or so and its performance in the first half of the current fiscal year suggests it is still has the upper hand. ...
A recent report on the UK soft drinks market showed that growth in non-carbonates at the expense of traditional carbonated soft drinks is much less marked in the on-premise sector than in the take-hom...
A departing PepsiCo executive is to be handed a US$4.56m package spread over the next two years for his consultancy services....
The Pepsi Bottling Group has signed a letter of intent to acquire Pepsi-Cola Bottling Company of Charlotte (Pepsi Charlotte) for an undisclosed sum....
The Pepsi Bottling Group today reported second quarter net income of US$148m, or diluted earnings per share (EPS) of $0.59. The results were up on the same period last year as the company grew volumes...
Pepsi-Co. has been removed from a Syrian blacklist of companies which have dealings with Israel, according to a report in the official Syrian newspaper al-Thawra....
Pepsi has launched a new 50cl silver-coloured bottle for its Pepsi light soft drink as part of a major advertising campaign to roll out this summer in Spain....
PepsiCo's president and CFO, Indra Nooyi, has been forced to apologise for remarks she made whilst speaking to the 2005 graduating class of Columbia University's Business School in New York City last ...
- Bacardi Seeks Own History at Bombay Sapphire Home
- NPD: The Craft Cocktail Revolution
- No Home Comfort for TWE as Bids Collapse
- Private-equity bids "over" - TWE head
- Interview - WoSA chief executive
- Suntory Holdings to split beer, spirits division
- Diageo's Smirnoff Sours
- Anheuser-Busch InBev appoints new AmBev CEO
- Carlsberg suspends production at Russian brewery
- Treasury Wine Estates pulls plug on takeover talks