Abercrombie, Toll: Premarket Trading

PepsiCo offered to buy 66% of Russian dairy products and fruit-juice maker Wimm-Bill-Dann for $3.8 billion.

Author:
Andrea Tse
Publish date:
Dec 2, 2010 9:10 AM EST

PepsiCo offered to buy 66% of Russian dairy products and fruit-juice maker Wimm-Bill-Dann for $3.8 billion.

(Premarket story updated to reflect share price changes and retail same-store sales news)
NEW YORK (TheStreet) -- PepsiCo (PEP) - Get PepsiCo, Inc. Report offered to buy 66% of Russian dairy products and fruit-juice maker Wimm-Bill-Dann (WBD) - Get WARNER BROS. DISCOVERY, INC. Report for $3.8 billion. Pepsi will offer to buy the remaining shares once the acquisition is completed, the company said in a press release Thursday.

Wimm-Bill-Dann Foods shares rose 30.4%, or $7.45, to $31.95 in premarket trading Thursday. Pepsi shares rose less than 1% to $65.75.

>> Pepsi Pays $3.8B for Wimm-Bill-Dann

Luxury homebuilder

Toll Brothers

(TOL) - Get Toll Brothers, Inc. Report

reported a swing to profit in the fiscal fourth quarter on a tax benefit as revenue and homebuilding deliveries fell. Toll posted fourth-quarter net income of $50.5 million, or 30 cents a share, a swing from a year-earlier loss of $111.4 million, or 68 cents a share.

Toll shares were falling by 1.4% to $18.20 in premarket trading.

>> Toll Swings to Profit on Tax Benefit

November same-store sales reports, which include results from the Black Friday weekend, largely topped estimates. Shares of

Abercrombie and & Fitch

(ANF) - Get Abercrombie & Fitch Co. Class A Report

surged by 7.6% to $54.25 in early trading as the retailer said same-store sales rose 22%, beating the increase of 6.8% that analysts expected.

Gap

(GPS) - Get Gap, Inc. Report

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