PepsiCo completes Wimm-Bill-Dann acquisition

PepsiCo acquired 601,948 ordinary shares, representing approximately 1.37% of WBD’s outstanding shares, in the squeeze-out.

PepsiCo now owns 100% of the outstanding ordinary shares of WBD, which includes all ordinary shares underlying American Depositary Shares (ADSs).

Under the terms of the squeeze-out, each registered holder of ordinary shares as of 15 August received 3,883.70 Russian rubles per ordinary share, which is the same price that was offered to WBD shareholders in PepsiCo’s recently completed tender offer in Russia.

Each ADS holder will receive payment with respect to the ADSs on 12 September, which is the ADS pay date that has been announced by the ADS depositary.

Each ADS holder will receive $32.74897 per ADS in cash, which is equal to 970.925 Russian rubles per ADS as converted to US dollars at the spot market conversion rates available to the ADS depositary.

Source: PepsiCo

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