PepsiAmericas confirm receipt of proposal from PepsiCo
MINNEAPOLIS PepsiAmericas, Inc. confirmed Monday that it has received a non-binding proposal from PepsiCo to acquire all of the outstanding shares of PepsiAmericas’ common stock that are not already owned by PepsiCo for $23.27 per share, consisting of $11.64 per share in cash, plus 0.223 shares of PepsiCo common stock.
PepsiAmericas’ board of directors will review the proposal carefully and determine the appropriate response, the company stated. The company also stated that they have advised shareholders to take no action, pending the review by the board of directors.
PepsiAmericas is the world’s second-largest manufacturer, seller and distributor of PepsiCo beverages.
Kashi launches 4th annual ‘Day of Change’ tour
LA JOLLA, Calif. Continuing its mission to promote healthy change in communities across the United States, Kashi announced it will launch its Day of Change tour for the fourth consecutive year in San Diego, Calif. this weekend.
Day of Change is an annual, multi-city campaign designed to share little steps people can take towards implementing positive changes in their lives. The Day of Change tour features a combination of interactive exhibits including yoga classes, Kashi product tasting, natural food cooking demonstrations and an education station to inspire overall well-being.
“At Kashi, it is our passion to inspire others to make smarter choices towards a natural healthy lifestyle, which is why we continue to bring Day of Change to new communities all across the country,” said Keegan Sheridan, natural food and lifestyle expert for Kashi. “This year, it’s all about the little steps people can take towards achieving their best lives.”
The 2009 Day of Change tour will showcase both recently introduced foods and long-time favorites, such as Kashi Honey Sunshine cereal; Kashi U cereal, Kashi Vive Digestive Wellness cereal; Kashi Organic Promise Cinnamon Harvest cereal; a variety of Kashi TLC snacks such as granola bars, cereal bars, fruit and grain bars, cookies, and crackers; and a sampling of GOLEAN cereals and bars. Onsite cooking demonstrations will feature delicious and nutritious recipes made from Kashi 7 Whole Grain Pilaf and Heart to Heart cereals paired with Silk Soy Milk. All Day of Change events are open to the public and free to all event attendees.
“Our goal for Day of Change is to motivate attendees to walk away with the knowledge and tools necessary to move towards a natural lifestyle,” Sheridan said. “Through this event, we hope to show people that change can occur in just a few small and enjoyable steps.”
PepsiCo acquires Karinto snack business in Peru
PURCHASE, N.Y. PepsiCo announced that it has acquired leading Peruvian snack business Karinto S.A.C., maker of Peru’s top-selling corn chips, Los Cuates, as well as a popular line of nuts and seeds.
“The Karinto brands span a broad array of snack foods, offering consumers a variety of convenient choices, from tasty treats to healthy options,” said Olivier Weber, president of South America Foods for PepsiCo. “Strategically, we continue to strengthen our core snacks business as we extend our presence in healthy, macrosnack occasions, two of our global food growth priorities. These products are a perfect complement to PepsiCo’s portfolio in the region. The strength of the brands and the quality of people who make and sell them represent fuel for growth in an important emerging market — a powerful combination.”
The addition of Karinto’s snacks reflects PepsiCo’s ongoing commitment to transform its portfolio to include a wide range of products. This transaction also reflects PepsiCo’s long-term commitment to invest in South America. It follows the recent acquisition of Brazilian snack company Comercio de Doces Lucky Ltda., maker of the popular brands Torcida and Fofura.