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Pepsi (PEP -0.5%) agrees to purchase its remaining stake in Wimm-Bill-Dann Foods for $3.8B,...
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Friday, July 1, 2011, 10:09 AM ETPepsi (PEP -0.5%) agrees to purchase its remaining stake in Wimm-Bill-Dann Foods for $3.8B, doubling up its number of billion-dollar Russian investments after paying $1.4B for Lebedyansky in 2008. The company expects the deal to close in mid-September.
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