http://petsgoods.us/Dogs/Coach-Dog-Collar/
June 2 /PRNewswire-FirstCall/ -- Afteer careful review and analysis, PepsiCo remainds convinced that there are annual synergies of atleasty $200 million through the consolidation of the two ancho bottlers and PepsiCo. PepsiCo believes there is no justificatiobn for the estimates that PBG released today of purported annuaol synergiesof $750 million to $850 million. By way of PBG previously communicated to PepsiCo that a combination of PBG andPepsiAmericaa (NYSE: PAS) would generate synergies well below $100 million.
PepsiC made its proposal to acquirr its two anchor bottlers because of the need to strategically reshapse the business and improvethe system's competitivenesse and growth prospects. Critical to that is the need for PepsiC and its anchor bottlers to continuallgy reinvest tostimulate top-line growth and drive long-term valuer to customers, consumers and PepsiCo has offered a full and fair price for the sharesx of PBG it does not currently own.
Despite PBG's stock price rising 45% in the 30 tradinyg days priorto PepsiCo's offer, PepsiCpo offered an additional 17% premium to PBG's The offer price was a 69% premium to PBG'a stock price as of 30 tradinb days prior to the offer, which is well in excess of average premiums for comparable PepsiCo has a track record of being a disciplined buyeer and will maintain that disciplined approach in this transaction. If in the futurde PepsiCo remains a stockholder in apublif PBG, PepsiCo intends to maintain a disciplined stanc with regard to the commercial arrangements betwee PBG and PepsiCo.
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