Summary
PepsiCo, Inc. (PEP) filed this Form 8-K/A on April 21, 2010, to amend a previous filing and provide crucial financial information related to the previously announced mergers with The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS). The mergers, which became effective on February 26, 2010, consolidated these bottling operations directly under PepsiCo's ownership through a wholly-owned subsidiary, Metro. This filing's primary purpose is to present the required financial statements of the acquired businesses (PBG and PAS) and unaudited pro forma combined financial information. Investors should note that this report is an amendment primarily focused on fulfilling disclosure requirements by incorporating the financial statements of PBG and PAS. The actual operational and financial impact of these mergers will be reflected in future PepsiCo filings. This 8-K/A serves as a procedural step, making the audited financials of PBG and PAS and the pro forma combined statements readily available as part of the regulatory disclosure for the completed mergers.
Key Highlights
- 1This Form 8-K/A is an amendment to a prior filing, primarily providing supplemental financial information regarding completed mergers.
- 2The report confirms the effective date of the mergers of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS) into a PepsiCo subsidiary (Metro) was February 26, 2010.
- 3PepsiCo is incorporating by reference the audited consolidated financial statements of PBG and PAS from their respective Form 10-K filings.
- 4Exhibit 99.1 includes unaudited pro forma condensed combined financial information, illustrating the potential financial impact of the mergers.
- 5The filing includes consents from Deloitte & Touche LLP (auditor for PBG) and KPMG LLP (auditor for PAS).
- 6This amendment is being made to satisfy the financial statement and exhibit requirements of Item 9.01 of Form 8-K.