QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




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
Emily@vendingtimes.net
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.


Topic: Foodservice News

Articles:
  • Compass Group USA Announces Landmark Commitment To Reduce Food Waste By 25% In 3 Years
  • National Restaurant Association Arms Members With Toolkit On Fats, Oils and Grease: FOG Control
  • Pepsi Targets India's Breakfast Market With Ready-Cook Specialties
  • Electrolux Buys Grindmaster-Cecilware For $108 Million
  • Primera Introduces Desktop LX2000 Color Label Printer For Food And Beverage Applications

Copyright © 2017 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570