News

USA: PepsiCo makes significant progress on Quaker deal

Most popular

What does the future hold for Champagne? - Focus

just-drinks meets Beam Suntory CEO Albert Baladi

The just-drinks analyst returns

just-drinks speaks to Beam Suntory CEO - Part II

Lift our heads out of our drinks - Trends

MORE

PepsiCo and Quaker Oats have told their respective employees that the deal between the two companies is expected to close in the second quarter.

The Wall Street Journal reported that in a memo to staff both companies claim to "have made significant progress" towards getting Federal Trade Commission approval for the $13.54 billion buyout of Quaker Oats. The companies also said that the FTA has "agreed to some limitations on the scope of its inquiry".

Neither company would comment, but it is expected that if needed, Pepsi is prepared to sell its All Sport drink in order to win approval of the takeover.


Companies: PepsiCo

Related Content

PepsiCo takes control of SodaStream International in US$3.2bn deal

PepsiCo takes control of SodaStream International in US$3.2bn deal...

The future of the US three-tier system, Diageo's progress and Q1 results season - The just-drinks Analyst

The future of the US three-tier system, Diageo's progress and Q1 results season - The just-drinks An...

The two faces of US whiskey and their effect on Brown-Forman - Analysis

The two faces of US whiskey and their effect on Brown-Forman - Analysis ...

Wine-on-tap ticks environmental box  - Sustainability in Wine, Part III

Wine-on-tap ticks environmental box - Sustainability in Wine, Part III...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?