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U.S. approves PepsiCo bottler buy, with conditions
U.S. approves PepsiCo bottler buy, with conditions
PEP.N
) has won U.S. antitrust approval to buy two of its largest bottlers on condition that it take steps to safeguard a rival’s business information, the Federal Trade Commission said on Friday.
Under an agreement with the FTC, PepsiCo will set up a firewall to ensure that PepsiCo employees do not see confidential Dr Pepper Snapple Group (
DPS.N
) business information, the agency said in a statement.
The order will be in place for 20 years, the commission said.
Pepsi, which had announced the approval of the $7.8 billion deal late Thursday, said that it planned to close the deal after the market closed Friday.
PBG.N
PAS.N
) — in April, and finally struck a deal in August.
, editing by Gerald E. McCormick)