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Market
How will the market react to PepsiCo's acquisition of Siete Foods within 7 days of the announcement?
2
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Stock price data from financial news sources like Bloomberg or Yahoo Finance
Story
$PEP: PepsiCo in Advanced Talks to Acquire Siete Foods for Over $1 Billion
Sep 30, 2024, 08:48 PM
PepsiCo ($PEP) is reportedly in advanced talks to acquire Siete Foods, a popular tortilla-chip maker known for its gluten-free and grain-free products, for over $1 billion. The potential acquisition, as reported by the Wall Street Journal, would expand PepsiCo's portfolio into healthier snack alternatives. Siete Foods, a family-run business, focuses on tortillas, chips, and other healthier alternatives, aligning with PepsiCo's strategy to diversify its product offerings.
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