Sard assisting PBG in acquisition proposal

SOMERS, NY: The Pepsi Bottling Group (PBG) is working with Sard Verbinnen & Co on the $4.2 billion acquisition proposal from PepsiCo.

SOMERS, NY: The Pepsi Bottling Group (PBG) is working with Sard Verbinnen & Co on the $4.2 billion acquisition proposal from PepsiCo. Jeff Dahncke, director of PR for PBG, confirmed the relationship, but would not disclose any other details. The agency was listed as the contact on a PBG release rejecting the PepsiCo proposal.

PepsiCo made an offer last month to acquire the two-thirds of PBG that it doesn't already own. Among the reasons it listed for declining, PBG said it was "substantially below PBG's intrinsic value." PepsiCo also made an offer to acquire its other major bottler, PepsiAmericas.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.