After two weeks of speculation that PepsiCo was going to launch a hostile takeover bid for France’s Danone, shares of Danone went up 20%.
PepsiCo Announces 15% EPS Increase
PepsiCo reported a 15% increase in first-quarter earnings per share to $0.53, fueled by Division operating profit growth of more than 10%.
PepsiCo Restructures Management
PepsiCo announced today the promotion of two of its senior most executives to lead its North American beverage and food operations.