BUSINESS BRIEFING

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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