Pepsi Bottling Group’s Acquisition by PepsiCo

On August 4, 2009, PepsiCo Inc. (“PepsiCo”) announced that it has entered into definitive merger agreements with The Pepsi Bottling Group, Inc. (“PBG”) and PepsiAmericas, Inc. (“PAS”) under which PepsiCo will acquire all of the outstanding shares of common stock it does not already own of PBG and PAS for stock and cash valued at $36.50 per share and $28.50 per share, respectively, for a total of approximately $7.8 billion.

The lawyers involved in this transaction include partners Robert I. Townsend, III and George F. Schoen and associates Brittain A. Rogers, Praveen Krishna and Brian M. Malbacho on corporate matters; partner Eric W. Hilfers and associates M. C. Tania Balthazaar and Daniel A. Birnhak on executive compensation and benefits matters; partners Stephen L. Gordon and Michael L. Schler and associates Mark E. Dundon and Jonathan J. Katz on tax matters; and associate Matthew Morreale on environmental matters.