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PepsiCo Updates 2009 Outlook, signs Dr Pepper Deal

PepsiCo Updates 2009 Outlook, signs Dr Pepper Deal

PepsiCo Inc., the world's second-biggest soft drink maker, on Tuesday lowered the top end of its fiscal 2009 profit and sales guidance, and said it has reached a deal to make and distribute Dr Pepper and other drinks after it completes the buyout of its two biggest bottlers Dr Pepper Snapple Group Inc. had deals with the two bottlers, and PepsiCo's latest move would replace those once the acquisitions close. The agreement is contingent on the buyouts going through. [...more]

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