It’s time to merge or move on, says PepsiAmericas CEO Robert Pohlad.
PepsiCo offered to buy the local beverage bottler more than three months ago. Pohlad said in a quarterly conference call Tuesday that it’s time to wrap up negotiations, Bloomberg reports.
“To evaluate the merit of PepsiCo’s idea requires discussion and negotiation,” Pohlad said. “It also requires an outcome. PepsiAmericas believes it is time to bring any discussions to a conclusion.”
One analyst said Pohlad’s comments were probably an attempt to sound willing but not too eager for a deal.