USA: Pepsi expects FTC Quaker to continue beyond June

By Chris Brook-Carter | 8 June 2001

PepsiCo announced today that it is continuing discussions with the Federal Trade Commission on its planned merger with the Quaker Oats Company and that it expects those discussions to go into the third quarter. ''We have said all along it is in everyone's best interest to let the government investigate fully, and sometimes that process can take longer than anticipated,'' said Steven Reinemund, PepsiCo's chairman and CEO.

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PepsiCo announced today that it is continuing discussions with the Federal Trade Commission on its planned merger with the Quaker Oats Company and that it expects those discussions to go into the third quarter. ''We have said all along it is in everyone's best interest to let the government investigate fully, and sometimes that process can take longer than anticipated,'' said Steven Reinemund, PepsiCo's chairman and CEO.

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