PepsiCo launched a $6bn takeover bid for its two largest independent bottlers late Sunday, in a strategy shift that signals an overhaul of the manufacturing and distribution of its products, reports the WSJ. The offers for Pepsi Bottling Group and PepsiAmericas value each company’s shares at about 17% above their Friday trading price. PepsiCo is offering $29.50 in cash and stock for each share of Pepsi Bottling, valuing it at about $6.4bn; the offer for PepsiAmericas, at $23.27 per share, values that bottler at about $2.9bn.

This entry was posted by Gwen Robinson on Monday, April 20th, 2009 at 4:55 and is filed under Capital markets, M&A. Tagged with pepsico. Edit this entry.