Pepsi acquires Ukraine’s Sandora
PepsiAmericas Inc. (NYSE: PAS) and Pepsico, Inc. (NYSE: PEP) acquired remaining 20% stake in Sandora LLC for $136.7 million on November 5, 2007. The transaction is not expected to have an impact on PepsiAmericas??™ nor PepsiCo??™s earnings per share for 2007. Following the deal, PepsiAmericas Inc. and Pepsico, Inc. will own 60% and 40% stake in Sandora LLC respectively. Citigroup, Inc. acted as financial advisor to PepsiAmericas, Inc. and Pepsico, Inc. PepsiAmericas Inc. and Pepsico, Inc. completed the acquisition of remaining 20% stake in Sandora LLC on November 5, 2007.
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