Pepsi refused to comment today on speculation that it is in talks with soft drinks company Monarch Co, to sell its All-Sport sports drink. A spokesman for Pepsi told "It has been reported in Beverage Digest but we haven't made any formal announcement." Even though no formal announcement has been made by the cola giant the industry has for some time expected Pepsi to either sell-off or shelve All-Sport in its bid to get clearance by the Federal Trade Commission for its Quaker Oats acquisition and Gatorade, the largest sports drink in the US.