PepsiCo Sets Deadline for Bottler Shareholders
February 11, 2010
The Associated Press reports that PepsiCo Inc. said Wednesday that shareholders of The Pepsi Bottling Group Inc. and PepsiAmericas Inc. have until Feb. 18 to choose to receive cash for their shares in connection with its proposed acquisition of the two bottlers. Shareholders who do not elect to receive cash for a portion or all of their shares will receive shares of PepsiCo stock. Pepsi Bottling Group stockholders can choose $36.50 in cash or 0.6432 shares of PepsiCo stock for each share of Pepsi Bottling Group. PepsiAmericas shareholders can choose $28.50 in cash or 0.5022 shares of PepsiCo stock for each share of PepsiAmericas. PepsiCo hopes to close the acquisitions by the end of February.