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Pepsi, Coke competing for investment in Greek yogurt maker
Published Tue, Oct 13, 2015 · 09:50 PM
New York
PEPSICO Inc and Coca-Cola Co are in talks to invest in Chobani LLC, in a deal that the Greek yogurt maker hopes could value it at as much US$3 billion, including debt, according to people familiar with the matter.
The negotiations illustrate how soft drink giants are making a push to diversify beyond the slow-growth carbonated beverage sector into the US consumer market's faster-growing healthy lifestyle segment.
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