PepsiCo in pact to sell PepsiAmericas shares
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- December
- 5
PepsiCo Inc. disclosed today it has hired Morgan Stanley & Co. to handle the sale of up to 4.33 millon shares of PepsiAmericas Inc. from time to time on the open market, according to a filing with the Securities and Exchange Commission.
Purchase-based PepsiCo would retain a 40.7 percent stake in PepsiAmericas, the second-largest bottler of Pepsi products, if all shares sold under the plan, according to the filing.
This entry was posted
on Wednesday, December 5th, 2007 at 3:51 pm by David Schepp.
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