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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 1400 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.

PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Shares of PEP remained unchanged at $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 500.