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Industry: Email Alert RSS FeedQuaker Oats Co
Food & Drink Weekly, July 9, 2001
Quaker Oats Co. gave proposed buyer PepsiCo Inc. an additional 30 days to sell its All Sport beverage unit, providing extra time for the companies to get regulatory approval for their $13.5 billion merger. The extension comes less than one month after Pepsi said its acquisition of Quaker Oats would be delayed until later in the third quarter as talks with U.S.
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Federal Trade Commission (FTC) officials continued. FTC officials have expressed concerns about Pepsi's ability to leverage Quaker Oats' Gatorade, the dominant sports drink, to gain undue advantage over beverage manufacturers.
COPYRIGHT 2001 Informa Economics, Inc.
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