PepsiCo commenced the offer to purchase the remaining Wimm-Bill-Dann shares in March

PepsiCo commenced the offer to purchase the remaining Wimm-Bill-Dann shares in March

PepsiCo has completed its tender offer to buy all outstanding Wimm-Bill Dann shares.

A total of around 23.7m American Depository Shares, representing around 13.5% of Wimm-Bill-Dann's shares, were tendered for RUB970.925 (US$34.610) per share. The US offer expired at 12pm EDT on 16 May, PepsiCo said today (18 May).

PepsiCo commenced the offer to purchase the shares in March, as part of its takeover of the Russian drinks and dairy giant.