RAF CASERT
LUXEMBOURG (AP) — The European Union on Tuesday approved the proposed takeover by PepsiCo Inc. of its two top bottling companies for $7.8 billion. The EU Commission said that the acquisitions of PepsiAmericas and the Pepsi Bottling Group "would not significantly impede effective competition" in Europe. Pepsi, based in Purchase, New York, decided to buy the companies to streamline its operations, save costs and get its soft drinks onto the market more quickly. The EU Commission found that the activities with the Pepsi Bottline Group "only overlap on the market for beverages in Greece, where the proposed transaction would not lead to a significant increase of market shares." And since PepsiCo was PBG's exclusive client, "the proposed transaction would not significantly change the market structure," the Commission said in a statement. The Commission said that when it came to PepsiAmericas, it concluded that the two "overlap to a very limited extent," causing no competition worries. For both, the Commission concluded there were no competition concerns.TheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
Oil *
117.67
|
|
DOWN
89.23 |
DOWN
9.31 |
DOWN
23.35 |
DOWN
0.78 |
10 Yr
1.97%
SPDR Gold
167.14
|
|
-0.69%
|
-0.69%
|
-0.80%
|
-3.81%
|
Data delayed 20 minutes |
Connect with TheStreet