PBG said that 99.8% of the outstanding shares in Pepsi-Gemex had been tendered and accepted for purchase. The deal values Pepsi-Gemex at $1.18 billion
MEXICO: PBG completes Pepsi-Gemex deal but sees shares fall
The soft drinks producer, Pepsi Bottling Group Inc. (PBG), has announced that it has completed its acquisition of the Mexican soft drinks bottler, Pepsi-Gemex, the principal bottler of Pepsi brands in Mexico. But PBG saw its share value slip after it said earnings would be hit by higher pension expenses next year.