Pepsico (PEP) to buy Russian dairy, juice, and soft drink producer Wimm-Bill-Dann (WBD) for...

|By:, SA News Editor

Pepsico (PEP) to buy Russian dairy, juice, and soft drink producer Wimm-Bill-Dann (WBD) for $5.4B, a 35% premium to Wednesday's closing price. Pepsi will initially purchase 66% of the company for $3.8B and acquire the rest of the shares at a later point. (PR)