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Issue Date: Vol. 56, No. 3, March 2016, Posted On: 2/16/2016

Chobani Rejects PepsiCo's Bid For Stake In Greek Yogurt Giant

Emily Jed
TAGS: Greek yogurt, Chobani, PepsiCo, White Wave Foods, vending

NORWICH, NY -- Greek yogurt titan Chobani announced on Feb. 5 its decision to reject offers from PepsiCo and other investors for a stake in the company.

Chobani worked with Goldman Sachs to explore the sale after being approached by several parties in 2015.

PepsiCo's deal reportedly collapsed when the Purchase, NY-based beverage giant insisted on purchasing a majority stake instead of the minority stake the yogurt maker preferred. Chobani said its primary objective is to retain its independence.

Other companies that have expressed interest in Chobani are organic foods producer White Wave Foods and PepsiCo rival Coca-Cola, which ended its pursuit last October.

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