A group of shareholders has cut its stake in PepsiAmericas Inc., it was reported yesterday.
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The group, which includes Gabelli Asset Management Inc., filed with the Securities and Exchange Commission on Tuesday that its stake had dropped to 8.26%. The group’s holding equates to the beneficial ownership of 11,915,395 shares of PepsiAmericas common stock.
In April 2002, the group reported that it held a 9.82% stake in the independent bottler, with beneficial ownership of 15,160,000 common shares.
