PepsiCo‘s US$13.54bn buyout of Quaker Oats remains on track after
both companies said they ‘have made significant progress’ toward getting US federal
antitrust approval.
A memo to employees of both companies on Friday said the Federal Trade Commission
(FTC) had agreed to some limitations on the scope of its inquiry into the deal
and expected PepsiCo’s acquisition of Quaker to be completed in the second quarter.
The FTC is expected to ask Pepsi to relinquish its All-Sport drink, which
competes with Quaker’s Gatorade, as part of the completed deal.
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