Pepsiamericas Rejects Takeover Bid

WSJ.com: What's News US, Wall Street Journal
Thu, 05/07/2009 - 4:29am

PepsiAmericas rejected PepsiCo's $1.7 billion cash-and-stock offer for the nearly 60% of the company it doesn't already own. The move follows a similar rebuff by Pepsi Bottling Group.

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