Daily Archives: September 19, 2016

PepsiCo could be AB InBev’s next takeover target after SABMiller, says analyst

Susquehanna (SIG), a Wall Street investment advisory firm has said that PepsiCo could be Anheuser-Busch InBev (AB InBev) next acquisition.

AB InBev recently merged with SABMiller and the transaction is expected to close on Oct 10.

“Conventional wisdom, rightly or wrongly, has it that after digesting SABMiller, AB InBev will make a move for Coca-Cola as it expands beyond beer,” Susquehanna said.

Diageo set to reduce staffing levels to boost profits

Drinks giant Diageo, parent company of Guinness Nigeria Plc and maker of Johnnie Walker Scotch whisky, Smirnoff vodka, and Baileys Irish cream, among others is said to be putting finishing touches to a possible headcount reduction in its London home office as it looks to boost profits.