PepsiAmericas Inc. (PAS) announced that its Board of Directors has formed a Transactions Committee consisting of independent directors which has begun to review the non-binding proposal from PepsiCo Inc. (PEP).
PepsiAmericas also stated that it has retained Goldman, Sachs & Co., Briggs and Morgan, P.A. and Sullivan & Cromwell LLP as advisors.
It is to be noted that recently, PepsiCo, which already owns 43% of the outstanding shares of PAS, has offered to acquire PepsiAmericas for $23.27 per share. The offer price consists of $11.64 per share in cash plus 0.223 shares of PepsiCo common stock.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.