The Pepsi Bottling Group Acknowledges Receipt of Unsolicited Proposal from PepsiCo

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Mon Apr 20, 2009 1:02am EDT 

SOMERS, N.Y.--(Business Wire)--
The Pepsi Bottling Group, Inc. (NYSE: PBG) confirmed that it received an
unsolicited, non-binding proposal from PepsiCo, Inc. to acquire all the
outstanding shares of the Company`s common stock not owned by PepsiCo for $29.50
per share. 

PBG said that its Board of Directors will evaluate the proposal carefully and
respond in due course. 

About PBG

The Pepsi Bottling Group, Inc. (www.pbg.com) is the world`s largest
manufacturer, seller and distributor of Pepsi-Cola beverages. With approximately
67,000 employees and annual sales of nearly $14 billion, PBG has operations in
the U.S., Canada, Greece, Mexico, Russia, Spain and Turkey. For more
information, please visit www.pbg.com. 





The Pepsi Bottling Group, Inc.
Public Relations
Jeff Dahncke, 914-767-7690
jeff.dahncke@pepsi.com
or
Investor Relations
Mary Winn Settino, 914-767-7216
marywinn.settino@pepsi.com

Copyright Business Wire 2009
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