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Pepsi In Russian Food Giant Bid!

December 4th, 2010 · No Comments

The food and soft drink giant will buy 66% of Wimm-Bill-Dann (WBD) for $3.8 bil, or $33 per U.S. share. If the U.S. and Russian gov’ts approve, PepsiCo (PEP) plans to buy the rest of the Russian dairy products and fruit juice company. Pepsi says the deal will be accretive to earnings wit…hin a year. WBD shot up 28% to 31.34. Pepsi fell less than 1%.

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