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These excerpts taken from the PBG 10-K filed Feb 27, 2008. High
Fructose Corn Syrup (“HFCS”) Litigation
Settlement
Included in our selling, delivery and administrative expenses
for 2005 was a pre-tax gain of $29 million in the
U.S. from the settlement of the HFCS class action lawsuit.
The lawsuit related to purchases of high fructose corn syrup by
several companies, including bottling entities owned and
operated by PepsiCo, during the period from July 1, 1991 to
June 30, 1995 (the “Claims Period”). Certain of
the bottling entities owned by PepsiCo during the Claims Period
were transferred to PBG when PepsiCo formed PBG in 1999. With
respect to these entities, which we currently operate, we
received $23 million in HFCS settlement proceeds. We
received an additional $6 million in HFCS settlement
proceeds related to bottling operations not previously owned by
PepsiCo, such as manufacturing co-operatives of which we are a
member.
High Fructose Corn Syrup (“HFCS”) Litigation Settlement Included in our selling, delivery and administrative expenses for 2005 was a pre-tax gain of $29 million in the U.S. from the settlement of the HFCS class action lawsuit. The lawsuit related to purchases of high fructose corn syrup by several companies, including bottling entities owned and operated by PepsiCo, during the period from July 1, 1991 to June 30, 1995 (the “Claims Period”). Certain of the bottling entities owned by PepsiCo during the Claims Period were transferred to PBG when PepsiCo formed PBG in 1999. With respect to these entities, which we currently operate, we received $23 million in HFCS settlement proceeds. We received an additional $6 million in HFCS settlement proceeds related to bottling operations not previously owned by PepsiCo, such as manufacturing co-operatives of which we are a member. | EXCERPTS ON THIS PAGE:
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