The merger between PepsiCo and Pioneer Foods was
subject to several public interest conditions
PepsiCo's acquisition of Pioneer Foods
The USD 1.7 billion acquisition of Pioneer Foods completed in March of 2020 is one of the largest deals made by PepsiCo outside of the U.S. Pioneer Foods and PepsiCo have a shared commitment to serving the people of South Africa by providing the highest quality food and beverage products while driving inclusive growth for its employees, its suppliers and the community at large.
Read more below.
As a result of the acquisition by PepsiCo, Pioneer Foods shareholders registered as at the record date, received R110 per ordinary share and in the case of certificated shareholders, upon surrender of their original documents of title. Shareholders who are still in possession of their original documents of title should contact Pioneer Foods’ transfer secretary, Computershare, via one of the following contact points:
Computershare Investor Services (Pty) Ltd Tel: 086 1100 634 / 011 370 5000 Postal address: PO Box 61763 Marshalltown, 2107 | OR | Physical address: Rosebank Towers 15 Biermann Avenue Rosebank Johannesburg, 2196 |
A copy of the circular distributed to Pioneer Foods shareholders in August 2019, detailing, inter alia, the terms and conditions of the PepsiCo offer may be accessed here: 2019 Pioneer Foods Combined Circular