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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.