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BREAKING NEWS

PepsiCo Withdraws From Talks to Buy Brazil Marilan, Estado Says

PepsiCo (PEP) Inc. has probably withdrawn from talks to buy Brazilian cookie-maker Marilan Alimentos SA after encountering tax issues during the due diligence process and offering a lower price than Marilan’s controlling family were seeking, O Estado de S. Paulo reported, without saying where it got the information.

Marilan and PepsiCo (PEP) officially denied the information, O Estado said.

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Telma Marotto at tmarotto1@bloomberg.net

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