Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

TODAY´S NEWS

PepsiCo buying Quaker Oats in 2.3:1 stock swap deal

PepsiCo buying Quaker Oats in 2.3:1 stock swap deal

Author | NULL | Monday, Jan 01,1900 3:08 PM

A+
AA
A-
PepsiCo buying Quaker Oats in 2.3:1 stock swap deal

PepsiCo is acquiring Quakers Oats to create one of the world’s five largest consumer product companies.

Ending a month long speculation, PepsiCo will offer 2.3 of its shares for each Quaker share, up to a maximum value of $105 per share. There’s no guaranteed price protection, however, if value to Quaker shareholders falls below $92 per share, there is a provision for Quaker to exit the deal without penality.

The acquisition gives PepsiCo a big boost for its non-carbonated drinks business with the Gatorade brand.

Tags: e4m

Write A Comment