PepsiCo could still be interested in Danone – report
PepsiCo, the listed New York-food behemoth, could still be interested in smaller French competitor Danone, La Tribune reported. The report cited a “well-informed” banker as saying that the former head of PepsiCo, Steve Reinemund, was one of the people opposed to a takeover of Danone during the meetings of the board. PepsiCo decided not to launch an offer because the board was not unanimously in favour of such a move. However, the banker said that the new head of PesiCo, Indra Nooyi, who was the finance director of the group then, was in favour of Danone’s takeover. And the report pointed out that Nooyi led the 2001 acquisition of Quaker Oats and Gatorade. The report also referred to comments made by an analyst at Lehman Brothers who said at the end of last month that Danone could still be under the threat of a takeover.
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