Pepsico (PEP)

PepsiCo made public a financial forecast prepared by PepsiAmericas when considering PepsiCo's unsolicited $7.8 billion takeover bid for its two largest bottlers.
According to a securities filing, PAS said PepsiCo would have earnings per share of $3.69 in 2009, $3.98 in 2010, $4.30 in 2011 and $4.71 in 2012. PepsiCo launched its takeover bid for two bottlers, Pepsi Bottling Group Inc and PepsiAmericas, in April, and struck a deal in August after sweetening its offer. The transaction is expected to close by the end of the first quarter 2010 and aims to improve the North American operations of the world's second-largest soft drink maker.

Jan 1 · 3:51:00 PM · Source: Reuters · Related: Pepsi Bottling Group
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by Michael Oliveto