News on Soft Drink Manufacturers

PepsiCo to buy back up to $15 billion in shares

2010-03-15T08:15:10Z

<div id="subtitle">PepsiCo to repurchase up to $15 billion in shares; raises annual dividend by 7 percent</div><div><p>PepsiCo said Monday that it will buy back up to $15 billion worth of its own common stock through June 2013.</p><p>Shares rose nearly 2 percent in premarket trading.</p><p>"The board's action reflects continued confidence in the growth of our business and our commitment to pro...

Coke CEO Kent gets pay cut in 2009

2010-03-05T15:33:45Z

<div id="subtitle">Coca-Cola CEO Muhtar Kent takes pay cut in 2009, his first full year in charge</div><div><p>The CEO of Coca-Cola Co. took a pay cut in his first full year in charge, getting less compensation than he did in 2008 when he was promoted midway through the year.</p><p>Muhtar Kent has been CEO of the world's biggest drink...

PepsiCo execs: bottler deal was right move, time

2010-03-01T13:45:25Z

<div id="subtitle">PepsiCo executives say buying bottlers was right deal for industry, Coca-Cola won't do as well</div><div><p>PepsiCo executives said Monday their purchase of the company's two largest bottlers was the "right move" for the industry, but a similar play by top rival Coca-Cola won't be as fruitful.</p><p>Reuters) - PepsiCo Inc <PEP.N> forecast earnings growth at a low-double-digit rate in 2011 and 2012 and said its shift away from independent bottlers in the United States marked a new era in the beverage business.</p><p>The world's No. 2 soft-d...

PepsiCo maintains 2010 earnings forecast

2010-03-01T06:00:59Z

<div id="subtitle">PepsiCo maintains 2010 earnings forecast after closing buyout of 2 biggest bottlers</div><div><p>PepsiCo. on Monday reiterated its 2010 earnings prediction after it completed the purchase of its two biggest bottlers.</p><p>The company, based in Purchase, N.Y., expects earnings per share growth of 11 percent to 13 perc...

PepsiCo finishes $7.8 billion buyout of 2 bottlers

2010-02-26T13:50:28Z

<div id="subtitle">PepsiCo completes $7.8 billion buyout of 2 bottlers, move to shake up beverage industry</div><div><p>PepsiCo closed the deal to buy its two biggest bottlers Friday — a move that's expected to shake up the beverage industry.</p><p>The $7.8 billion buyout of Pepsi Bottling Group and PepsiAmericas wil...

Dr Pepper completes PepsiCo licensing deal

2010-02-26T12:15:41Z

<div id="subtitle">Dr Pepper Snapple says it has completed deal for PepsiCo to distribute some brands</div><div><p>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 comp...

U.S. approves PepsiCo bottler buy, with conditions

2010-02-26T08:45:51Z

<div><p>WASHINGTON (Reuters) - PepsiCo Inc <PEP.N> has won U.S. antitrust approval to buy two of its largest bottlers on condition that it take steps to safeguard a rival's business information, the Federal T...

Moody's: Coca-Cola Enterprises ratings on review

2010-02-25T14:00:21Z

<div id="subtitle">Moody's affirms Coca-Cola ratings, puts bottler's ratings under review after deal announced</div><div><p>Moody's Investors Service on Thursday affirmed its ratings on Coca-Cola Co., and placed certain ratings for bottler Coca-Cola Ente...

Coca-Cola takes US bottler to fight Pepsi

2010-02-25T13:17:04Z

<div><p>Coca-Cola unveiled plans Thursday to take over the North American operations of its largest bottler, gaining control of production and distribution in a market shifting away from carbonated drinks.</p><p>The soft drink giant said it would acquire the North American operations of its largest bottler, Coca-Cola Ent...

A look at bottler deals by Coca-Cola and PepsiCo

2010-02-25T13:00:38Z

<div id="subtitle">A look at deals to buy bottlers by Coca-Cola and PepsiCo</div><div><p>Coca-Cola said Thursday it plans to buy the North American operations of its largest bottler to cut costs and better keep up with changing tastes. Rival PepsiCo is making similar moves. Here's a look at the deals:</p><p>COCA-COLA: The company gi...

Coke to buy top bottler's North America operations

2010-02-25T13:00:33Z

<div><p>NEW YORK (Reuters) - Coca-Cola Co <KO.N will take over the North American operations of its top bottler, Coca-Cola Enterprises Inc <CCE.N>, in a strategic reversal that would level the field after a similar deal by Coca-Cola to buy largest bottler's North American operations; deal mirrors moves by Pepsi</div><div><p>THE DEAL: Coca-Cola is buying the North American operations of its largest bottler to control its own distribution and cut costs.</p><p>THE MOTIVATION: Domestic soft drink sales are down as people switch to juices and teas or curb their spending. Rival Coca-Cola to buy largest bottler's North American operations; deal mirrors moves by Pepsi</div><div><p>Coca-Cola plans to buy the North American operations of its largest bottler in an effort to put more new drinks on shelves more quickly to keep up with changing tastes.</p><p>The move comes just days before main rival

Coca-Cola buy bottler for more than $12 billion

2010-02-25T09:15:36Z

<div><p>US beverage giant Coca-Cola announced Thursday plans to acquire the North American operations of its largest bottler, Coca-Cola Enterprises, in a deal worth more than 12 billion dollars.</p><p>The cashless deal also called for Coca-Cola to sell its own bottling operations in Norway and Sweden. At the clos...

Dr. Pepper Snapple Group returns to 4Q profit

2010-02-25T07:45:29Z

<div id="subtitle">Dr. Pepper Snapple Group moves to 4th-quarter profit; year-ago dragged down by charges</div><div><p>The Dr. Pepper Snapple Group moved to a fourth-quarter profit and company shares soared because of a potential payout from another deal in the softdrink industry also announced Thursday.</p><p>Coca-Cola Enterprises, in a deal worth around 15 billion dollars.</p><p>The cashless deal also called for Coca-Cola to sell its own bottling operations in Norway and Sweden. At the close o...

Coca Cola Bottler

2010-02-25T07:18:12Z

The ubiquitous Coca-Cola billboard lights New York's Times Square, Thursday, Feb. 25, 2010. Coca-Cola Inc. plans to acquire the North American operations of its largest bottler in a move that mirrors similar deals by its main rival PepsiCo, as both try to gain more...

APTOPIX Coca Cola Bottler

2010-02-25T07:18:11Z

Coca-Cola buys bottling operations for $15 billion

2010-02-25T06:16:48Z

<div><p>US beverage giant Coca-Cola announced Thursday it had acquired the North American operations of its largest bottler, Coca-Cola Enterprises, in a deal worth around 15 billion dollars.</p><p>The cashless deal also called for Coca-Cola to sell its own bottling operations in Norway and Sweden.</p><p&...