PepsiCo., Nestle reportedly explored merger

No deal was reached because Nestle wanted to build a more health conscious business, according to the Wall Street Journal.


LONDON (CNNMoney.com) -- PepsiCo Inc. and Nestle explored a merger earlier this year but a number of complications got in the way of a deal, the Wall Street Journal reported Thursday.

PepsiCo, whose products include Pepsi-Cola and Doritos, approached Swiss-based Nestle to discuss a deal, the newspaper said, citing a source familiar with the matter.

But Nestle felt Pepsi, which is focused on snacks and soft drinks, could weaken its aim of building a more health conscious business, the report said.

No talks are ongoing now, according to the JournalTop of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.