mergers & acquisitions
The myths behind Pepsi’s Pioneer takeover
PepsiCo’s tilt at Pioneer may be both the bargain of the year and a generous offer for investors in the cyclical stock
As you might expect of a transaction involving some of the best-known local and international food brands, just about everybody has a view on PepsiCo’s acquisition of Pioneer.
They all agree it’s the bargain of the decade. What they don’t agree on is which side is getting the bargain.