The acquisition for a total purchase price of $136.7 million completes the transaction and provides PepsiAmericas and PepsiCo with a strong platform for growth. PepsiAmericas and PepsiCo originally purchased an 80% interest in Sandora through a joint venture in August 2007. Now, PepsiAmericas holds a 60% interest in the joint venture, and PepsiCo holds 40%.
The transaction is not expected to have an impact on PepsiAmericas' nor PepsiCo's previously announced earnings-per-share guidance for 2007.
--Nina M. Lentini