| HBS Case Collection
(Revised from original 2008 version)
PepsiCo's Bid for Quaker Oats (B)
Second in a series on PepsiCo's bid for Quaker Oats. Describes the negotiations between PepsiCo and Quaker including due-diligence process, first bid, and counteroffer. Quaker's counteroffer included a collar on equity consideration, and thus the case offers an opportunity to discuss and value these contractual devices.
Keywords: Mergers and Acquisitions;
Bids and Bidding;
Food and Beverage Industry;
Baldwin, Carliss Y., and Leonid Soudakov. "PepsiCo's Bid for Quaker Oats (B)." Harvard Business School Supplement 209-078, September 2011. (Revised from original October 2008 version.)