Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, January 7, 2015

Investment firm 3G Capital scouts new targets - WSJ, (NYSE: PEP)

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.3G could collaborate with brewing company Anheuser-Busch InBev or end up taking only pieces of PepsiCo, which has a market capitalization of about $140 billion, the report said. ( at 3G, PepsiCo, Campbell Soup and Anheuser-Busch were not reachable for comment outside business hours.Last February, PepsiCo's board again rejected activist investor Nelson Peltz's renewed call to split its beverage business from its flourishing snacks division.

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.