Trade reports say Nestle (NSRGY.PK) and India's Tata Global Beverage (TTAZF.PK) are looking to...

|By:, SA News Editor

Trade reports say Nestle (NSRGY.PK) and India's Tata Global Beverage (TTAZF.PK) are looking to buy Arizona Beverage in light of a growing push by consumers towards non-carbonated drinks. Coke (KO -0.4%) and Pepsi (PEP -1%) appear to be sitting out the fight for Arizona's 1/3 of the tea market, avoiding the $3B-$5B price tag the deal could fetch.