In a move to regain control of its bottling operations, PepsiCo accounced an offer to buyout shareholders of PAS, its second largest bottler. Under terms of the offer, PBG shareholders will receive $11.64 in cash and .223 shares of PepsiCo per share of PAS.
On April 22nd, PepsiAmericas announced that it had repurchased $81.2M in shares over the course of the quarter. Shares fell from $26.46 USD to $25.14 one week later. A share repurchase signals that a company believes its stock is undervalued and it helps boost Earnings per Share (EPS).