Business

CEO: PepsiCo 'very disciplined' on acquisitions

Posted September 29, 2009 11:00 pm

Bloomberg News

PepsiCo Inc. Chief Executive Officer Indra Nooyi said the company has a "very disciplined" approach to acquisitions and doesn't see many large purchases that make sense. Locally, PepsiCo. has operations in Barrington and Chicago.

"Transformational acquisitions have to be looked at very carefully," Nooyi, 53, said today in an interview on Bloomberg Television. PepsiCo is world's second-biggest soda maker and also makes Frito Lay snack foods.

Nooyi declined to comment on Kraft Foods Inc.'s attempt to buy Cadbury Plc for about $16 billion. The U.S. food company was given six weeks by Britain's mergers and acquisitions regulator to submit a formal offer. Kraft CEO Irene Rosenfeld is a former PepsiCo executive.

"Irene is a very smart CEO," she said. "She'll figure out what she needs to do with Cadbury."

PepsiCo, based in Purchase, New York, fell 9 cents to $58.42 at 10:41 a.m. in New York Stock Exchange composite trading. The shares had gained 6.8 percent this year before today.

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