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PepsiAmericas Board forms Transactions Committee to review PepsiCo's offer - Quick Facts
4/24/2009 8:38 AM ET


RELATED NEWS
PepsiAmericas Q3 Profit Declines; Cuts FY09 Adj. EPS View - Update
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PepsiAmericas Q3 Profit Declines; Revises FY09 Adj. EPS Outlook - Quick Facts
(RTTNews) - PepsiAmericas Inc. (PAS: News ) 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: News ).

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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by RTT Staff Writer

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