US: PepsiCo withdraws acquisition filing for bottlers
PepsiCo said late yesterday (10 November) that it has withdrawn the forms to "provide the Federal Trade Commission (FTC) with more time to review the information submitted by PepsiCo without requiring a Request for Additional Information".
It is the second time the soft drinks giant has withdrawn the forms, which were originally filed with the FTC on 11 September but were refiled on 15 October.
In an attempt to reassure the market, PepsiCo said: "PepsiCo remains committed to working cooperatively with the FTC as it conducts its review of the proposed transactions and continues to expect to close both transactions by late 2009 or early 2010."
Last month, PepsiCo gained EU clearance for the US$7.8bn acquisition of its two main bottlers.
PepsiCo has declared a quarterly dividend of $0.48 per share on the soft drinks firm's common stock....
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