Coke Trying to Buy Quaker Oats
Less than a month after
PepsiCo
(PEP) - Get PepsiCo Inc. Report
failed in its bid to buy
Quaker Oats
(OAT)
, rival
Coca-Cola
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(KO) - Get Coca-Cola Company (The) Report
is looking to pay approximately $16 billion for Quaker, the maker of Gatorade and other consumer products.
Quaker is also reportedly considering a bid from French company
Danone
.
Pepsi and Quaker reportedly could not
agree on a price. Pepsi had been holding talks to acquire Quaker Oats for more than $14 billion in stock.
What's the draw? The beverage makers want to get popular Gatorade under their label.
