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“Why PepsiCo just sold its Tropicana and Naked juice brands for $3.3 billion”

“PepsiCo announced it will sell Tropicana, Naked and other select juice brands to private equity firm PAI Partners. The company will net $3.3 billion in after-tax proceeds from the deal, and also retain a 39% stake in the newly formed joint venture. Johnston said the deal will help improve operating margins in PepsiCo’s closely watched North America beverage business…”

https://finance.yahoo.com/news/why-pepsico-just-sold-its-tropicana-and-naked-juice-brands-162351984.html

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