Pepsi Bottling Company (PBG) Message Board

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Technology Stocks : Pepsi Bottling Company (PBG)

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To: JERRY GACH who wrote (1)	3/31/1999 12:14:00 AM
From: Neil H	Read Replies (1) of 13

Jerry Sorry I do not know the answer to your question. Pepsi Bottling may pop on debut PepsiCo unit's debut priced at $23 a share By Debra McGarry, CBS MarketWatch Last Update: 6:06 PM ET Mar 30, 1999Also: NewsWatch SOMERS, N.Y. (CBS.MW) --Shares of the Pepsi Bottling Group, manufacturer and distributor of PepsiCo (PEP) beverages, are expected to begin trading Wednesday. The initial offering of 100 million shares was priced Tuesday at $23 a share, at the low end of the expected price range of $23 to $26. The offering, led by underwriter Merrill Lynch, includes an overallotment of an additional 15 million shares. The No. 2 drink maker set plans for the spinoff to compete with archrival Coca-Cola (KO). Coca-Cola shares slumped 2.4 percent Tuesday to close at 63 1/4 after the company warned that worldwide sales could drop as much as 2 percent in the first quarter. Several analysts then cut the stock's rating. See full story. Pepsi Bottling Group makes and distributes such PepsiCo beverages as Mountain Dew, Lipton's Iced Tea and Slice. It accounts for 55 percent of all PepsiCo products sold in North America. Pepsi Bottling will be listed under the symbol "PBG" on the New York Stock Exchange.

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