Market Currents

• Tuesday, August 4, 2009

• 09:22 AM PepsiCo (PEP) reaches a $7.8B deal to buy Pepsi Bottling Group (PBG) and PepsiAmericas (PAS). The price represents a more than 20% premium over previous offers to buy the two in April. PEP +3.6% premarket; PBG +7.6%; PAS +8.6%. Comment!

• Tuesday, July 28, 2009

• 07:11 AM PepsiAmericas (PAS): Q2 EPS of $0.74 beats by $0.06. Revenue of $1.3B (-6%) in-line. (PR) Comment!

• Wednesday, April 29, 2009

• 07:24 AM PepsiAmericas (PAS): Q1 EPS of $0.20 beats by $0.04. Revenue of $1.1B (-3.7%) in-line. Issues upside guidance for FY '09, sees EPS of $1.83-$1.90 vs. $1.80 consensus. (PR) Comment!

• Monday, April 20, 2009

• 03:27 AM Pepsi (PEP) offers around $6B in cash and stock to buy out other shareholders of its two biggest bottlers, Pepsi Bottling Group (PBG) and PepsiAmericas (PAS). The move would give Pepsi greater control over North American sales. (PR) Comment!

• Tuesday, July 22, 2008

• 00:04 AM Notable earnings before Tuesday's open: AKS, AVY, BHI, BIIB, BJS, CAT, CHKP, CME, CP, CPO, DD, DPZ, ERIC, FCX, FITB, FRX, GNTX, HAL, JBLU, JEC, JEF, KEY, LCC, LXK, LMT, OMC, PXPS, PAS, PCAR, PMTC, RF, ROK, RYN, STI, SVU, TLAB, UAUA, UNH, UPS, WAT, WB, WU, WTNY, XTO. Comment!