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CONSUMER STAPLES: Pepsi (A1/A) confirms $1.2b purchase of chips manufacturer

CONSUMER STAPLES

As expected after o/n WSJ leaks, confirms buying Siete for $1.2b - bolt-on size for it.

We are more interested in how organic growth is doing after volume declines for most of this year. It is not being helped by the smaller Quacker foods NA (cereal segment) facing double digit declines on the salmonella contamination linked product recalls (first emerged in Dec 2023).

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As expected after o/n WSJ leaks, confirms buying Siete for $1.2b - bolt-on size for it.

We are more interested in how organic growth is doing after volume declines for most of this year. It is not being helped by the smaller Quacker foods NA (cereal segment) facing double digit declines on the salmonella contamination linked product recalls (first emerged in Dec 2023).

Keep reading...Show less