PepsiCo Inc (PEP.OQ)
19 Jul 2019
July 19 The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
JOHANNESBURG PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit by drought and tough trading conditions.
* Investment a boost for struggling South African economy (Adds background, Pioneer CEO comment,)
July 19 Emerging market shares rose on Friday and currencies touched a four-month high after comments from a top Federal Reserve official reinforced expectations of a U.S. interest rate cut this month, stoking demand for riskier assets.
JOHANNESBURG, July 19 South Africa's rand edged higher against the dollar in early Friday trade and bond yields fell after the central bank cut its main lending rate by 25 basis points on Thursday in a widely expected move to counter floundering economic growth.
JOHANNESBURG, July 19 U.S.-based beverage and snack maker PepsiCo is planning to acquire South Africa's Pioneer Food Group for around $1.7 billion, the two companies said on Friday, as it targets expansion in Africa.
PepsiCo Inc's quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher sales of its traditional Pepsi soda as well as snacks Lay's and Dorito chips. | Video
July 9 PepsiCo Inc's quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher sales of its traditional Pepsi soda as well as snacks Lay's and Dorito chips.
July 9 PepsiCo Inc beat analysts' estimates for quarterly revenue on Tuesday, as the beverage and snack maker benefited from adding healthier snacks, sparkling waters and juices to cater to consumers looking beyond sodas and chips.
Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.