Times Wire Reports

Months after its first offers were rejected, PepsiCo Inc. said it planned to buy its two biggest bottlers, Pepsi Bottling Group and PepsiAmericas, in deals worth $7.8 billion.

The world's second-biggest drink maker said it would pay $36.50 a share for Pepsi Bottling Group and $28.50 a share for PepsiAmericas. Both offers are half stock and half cash.

The bottlers had rejected an earlier buyout offer said to be worth $6 billion, saying it undervalued them.

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