Dr Pepper completes PepsiCo licensing deal
PepsiCo Inc. has paid Dr Pepper Snapple Group Inc. $900 million as part of the process of buying Pepsi’s bottlers and taking over their agreements with beverage companies.
Dr Pepper said Friday that it completed the licensing deal with PepsiCo and received the one-time payment, which it will record as net sales over the deal’s 20-year term.
The agreement allows PepsiCo to distribute Dr Pepper, Crush and Schweppes in parts of the U.S. where PepsiCo bottlers used to distribute them. The two companies made similar deals for certain Dr Pepper brands in Canada and Mexico.
Finalizing the agreement now rests on PepsiCo closing the $7.8 billion deal to buy its two biggest bottlers, Pepsi Bottling Group and PepsiAmericas.
PepsiCo said Thursday that it had cleared the final regulatory hurdle and expected to close the bottler deal after the market closes on Friday. [Read the full article]
Mina Mar Group, Inc www.minamargroup.com (M&A) and IR www.minamargroup.net (IR) both Canadian based private companies are furnishing the following update on the aforementioned clients and other business matters.
We all work hard for success, and Mina Mar Group is no different! We worked hard over the years to cultivate its professional image and reputation on the small and micro cap markets. Mina Mar Group and Mina Mar Marketing Group recently became the M&A and IR respectively to a number of Pink Sheet listed public companies or public ‘shell’ companies. Our M&A mandate is to introduce through mergers and acquisition substantial ongoing and operating USA and China based businesses.
These are substantial companies with revenues in the $2 to $10 million dollar range, that in our opinion will hold sound and stout portfolios within these public shells. The word got out immediately off the gates. [Read the full article]
PepsiCo, Inc. (NYSE:PEP – News) confirmed today that it has completed its mergers with its two largest bottlers, The Pepsi Bottling Group, Inc. and PepsiAmericas, Inc., as expected. PepsiCo will formally announce details regarding the merged companies on Monday, March 1.
PepsiCo offers the world’s largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generates more than $1 billion in annual retail sales. Our main businesses – Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade – also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in more than 200 countries. With annualized revenues of nearly $60 billion, PepsiCo’s people are united by our unique commitment to sustainable growth, called Performance with Purpose. [Read the full article]
WPCS International Incorporated (Nasdaq:WPCS – News), a leader in design-build engineering services for communications infrastructure, has acknowledged a 13D filing made by Bryant Riley and Riley Investment Management LLC on February 22, 2010.
Andrew Hidalgo, Chairman and CEO of WPCS International Incorporated, commented “Within the 13D filing, Mr. Riley states his serious concerns with an extension of the former three year employment agreement for myself and Mr. Joseph Heater, our CFO, to five year employment agreements, which as a matter of record do not contain any salary increases. Mr. Riley continues by stating that he believes it represents waste and mismanagement by the WPCS board of directors. Riley Investment Partners L.P. [Read the full article]