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Wednesday, January 7, 2015

Deals of the day- Mergers and acquisitions, (NYSE: PEP)

The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Wednesday: ** Investment firm 3G Capital Partners LP is looking at new acquisition targets after investors pledged about $5 billion to form a new takeover fund, the Wall Street Journal reported, citing people familiar with the matter. Executives at the New York-based Brazilian investment firm are discussing the possibility of buying a food or beverage company such as Campbell Soup Co or even PepsiCo Inc, the newspaper reported.** WASH Multifamily Laundry Systems, whose washers and dryers are used weekly by more than 5 million people in North America, is exploring a sale that could value it at more than $900 million, including debt, according to people familiar with the matter.

PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Shares of PEP fell by 0.76% or $-0.71/share to $93.02. In the past year, the shares have traded as low as $77.01 and as high as $100.70. On average, 4705590 shares of PEP exchange hands on a given day and today's volume is recorded at 6194995.