PepsiCo (PEP +0.6%) receives the EC's blessings for its $7.8B deal to buy Pepsi Bottling Group...

|About: Pepsi Bottling Group Inc. (PBG)|By:, SA News Editor

PepsiCo (PEP +0.6%) receives the EC's blessings for its $7.8B deal to buy Pepsi Bottling Group (PBG +0.4%), despite some overlap in their businesses. "The proposed transaction would not significantly change the market structure. Consequently, the Commission concluded that the transaction would not raise competition concerns," it said.