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North America: Pepsi slams rumors of merger that would join Doritos and Oreos

By  |  March 23, 2013

In response to a recent report by UK newspaper The Telegraph citing anonymous sources that claimed PepsiCo Inc.’s Frito-Lay could merger with Mondelez, which includes Cadbury and Nabisco, Pepsi has stated that the rumors are false and that nor major acquisitions are in the works. In a statement Friday, Pepsi addressed whisperings that the company would divest some of its businesses with disappointing sales. Regardless, the company has been restructuring its North American beverage business; Pepsi said it would provide more information in early 2014.

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