• Company
  • Description
  • Recovery Amount
  • Pepsi Bottling Group
  • In re PepsiAmericas, Inc. Shareholder Litigation / In re Pepsi Bottling Group, Inc. Shareholders Litigation

 

Delaware Chancery Court

G&E served as lead counsel in a case regarding PepsiCo’s offer to acquire two of its distributors, PepsiAmericas (“PAS”) and Pepsi Bottling Group (“PBG”). The company, which essentially dominated and controlled the boards of both distributors, made offers that were inadequate. In addition to other considerations, G&E obtained significantly higher acquisition prices that provided PBG shareholders as a group with $1.022 billion more in value ($36.50 per PBG share) and PAS shareholders as a group with $290 million more in value (increasing its offer from $23.27 to $28.50 per PAS share).