FX.co ★ PepsiCo Acquires Siete Foods For $1.2 Bln

PepsiCo, Inc. (PEP) announced on Friday the successful completion of its acquisition of Siete Foods, a brand recognized for its healthier, Mexican American-inspired food products, in a transaction valued at $1.2 billion.

This strategic move highlights PepsiCo's commitment to broadening its product range to offer more convenient, nutritious, and enjoyable options.

As of now, PEP shares are trading on the Nasdaq at $147.96, reflecting an increase of 0.97 percent or $1.42.