(Reuters) - The world's No. 2 soft-drink company, when asked about mergers and acquisitions, also put to rest market speculation about a possible merger with Nestle SA , sparked by a Wall Street Journal report last week that said the food and beverage companies had held talks.
"Our strategy has not changed," said Chief Executive Indra Nooyi on a conference call, referring to the company's stated plan to consider tuck-in acquisitions ranging in size from $5 million to $2 billion. By contrast, as of July 3 Nestle had a market capitalization of $153.40 billion.
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"Our strategy has not changed," said Chief Executive Indra Nooyi on a conference call, referring to the company's stated plan to consider tuck-in acquisitions ranging in size from $5 million to $2 billion. By contrast, as of July 3 Nestle had a market capitalization of $153.40 billion.
Read more at Reuters.com Business News
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