RFD: Time to think about Disney, Pepsico? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : RFD: Time to think about Disney, Pepsico?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark who wrote (52)	1/24/1997 9:56:00 AM
From: Mark	of 54

Answered my own question: ----------------------- Friday January 24 9:16 AM EST Pepsico Inc sees restaurants spun off by yr-end NEW YORK, Jan 24 (Reuter) - PepsiCo chairman Roger Enrico said Friday he expects the spin-off of its restaurant business to shareholders will be complete by the end of 1997. PepsiCo announced last night it will become solely a packaged goods business -- beverages and snack foods -- with the transaction. The new company, to be composed of the KFC, Pizza Hut and Taco Bell restaurant chains, is expected to carry an investment grade debt rating, he said. The deal was not made in anticipation of any acquisitions by PepsiCo, he said in a conference with analysts. ---------------------- Mark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next