USA: Quaker Oats shareholders approve merger with PepsiCo
The closing of the merger remains subject to certain conditions set out in the merger agreement, including the approval of the U.S. Federal Trade Commission (FTC). It is anticipated that the transaction will be completed by the end of the second quarter.
The Quaker Oats Company is an international marketer of foods and beverages. Its major brands include: Gatorade thirst quencher; Quaker cereals and grain-based snacks; Rice-A-Roni, Pasta Roni and Near East side dishes; and Aunt Jemima mixes and syrup.
Forward-looking statements, within the meaning of Section 21E of the Securities and Exchange Act of 1934, are made in this document. The Company's results may differ materially from those suggested by the forward-looking statements. The forward-looking statement in this document concerning the Company's proposed merger with PepsiCo, Inc., is subject to a number of factors, including: the inability to obtain, or meet conditions imposed for, regulatory or governmental approval; customary closing conditions; and failure of PepsiCo's shareholders to approve the merger and related matters.
The Quaker Oats Company press releases are available on the Company's Internet web site: http://www.quakeroats.com .
CONTACT: Mark Dollins, Director - Corporate Communications, 312-222-7399 or Margaret M. Eichman, Vice President - Investor Relations and Corporate Affairs, 312-222-7818, both of The Quaker Oats Company.
PepsiCo yesterday (2 January) announced the acquisition of Star Foods, one of Poland's leading savoury snack producers....
Consumer goods giant Sara Lee Corporation has announced today that it has reached agreement on the principal terms and conditions for the sale of its European nuts and snacks business in the Netherlan...
Snacks and soft drinks giant PepsiCo has announced its agreement, pending government approval, to purchase Stacy's Pita Chip Company, the top-selling maker of pita chips with sales approaching $60m th...
US snacks giant Frito-Lay, part of PepsiCo, has announced that it is to cut between 200 and 250 jobs as part of a move to streamline its organisation....
Frito-Lay India, the Indian snacks division of US giant PepsiCo, is set to launch several Quaker breakfast cereal brands onto the Indian market by the end of the year....
US snacks and soft drinks giant PepsiCo has reported lower third-quarter profit, due to a tax charge related to international profit repatriation....
Food and drink company Pepsico is to close its Walkers snack factory in Swansea, in South Wales, with the loss of 250 jobs, reports the BBC....
Snack company Smith's Snackfood Company today (Tuesday) announced it has acquired Sakata Rice Snacks Australia....
- Danone's Q1: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units