Until December 2008, Tucson’s Pepsi Bottler was privately held by the Lane family. The terms of that deal were never made public.
|
|
Tucson's Pepsi bottler changing hands again
Published on Tuesday, August 18, 2009
Tucson’s Pepsi-Cola bottler is about to change ownership for second time in a year. Sometime either late this year or early next, PepsiCo will take over ownership of the Pepsi Bottling Group Inc., which owns the Tucson bottler, and another bottler, PepsiAmericas Inc. It is part of a $7.8 billion deal that was struck of months of sometimes hostile negotiations. The price is almost 24 percent higher than one offered four months that was initially rejected and prompting lawsuits and adoption of a “poison pill” measure by the bottling company board of directors. By owning the two companies, the largest two bottlers of Pepsi products, PepsiCo says it anticipates the combination will result in about $300 million in annual savings by 2012 and allow the company directly manage 80 percent of its distribution in North America.
Until December 2008, Tucson’s Pepsi Bottler was privately held by the Lane family. The terms of that deal were never made public.
Until December 2008, Tucson’s Pepsi Bottler was privately held by the Lane family. The terms of that deal were never made public.
Copyright © 2009 Inside Tucson Business
| Previous: Pilots' wrench ends bid by Southwest for Frontier |
Next: P.F. Chang's, Dr. Weil, Fox combine on restaurant idea |
WRITE A COMMENT
Use the form below to post a brief comment to this story, or respond to other readers. Please use the word count tool to assist you in keeping your remarks to 500 words or fewer.
Comments appear immediately on the site. Editors do review comments periodically during the day, and will remove offensive or off-topic content. You may also report inappropriate comments to the editors. Your thoughtful contribution to the online discussion is appreciated.
Comments