Investigation Overview
PepsiCo Inc. launched a $6 billion takeover bid for its two largest independent bottlers late Sunday. It is making an offer for PepsiAmericas, at $23.27 per share, that values that bottler at about $2.9 billion and is offering $29.50 in cash and stock for each share of Pepsi Bottling. The stocks of both bottlers soared Monday, hitting levels that were above the implied acquisition pri...
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