Pioneer shareholders give nod to PepsiCo deal
Offer to buy owner of brands such as Sasko bread and Ceres juices is subject to competition authorities’ approval
15 October 2019 - 15:05
Shareholders of Pioneer Foods, the owner of brands such as Sasko bread and Ceres juices, have voted almost unanimously in favour of delisting the company, after a $1.7bn bid by PepsiCo.
Pioneer said in a statement on Tuesday that shareholders constituting 99.57% of ordinary shares and 100% of class A ordinary shares have approved the deal, which is subject to approval by competition authorities...
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