PARIS-As this issue was going to press, Reuters reported that rumors about PepsiCo, considering a takeover bid for French food group Danone, might have been off the mark. Pepsi told the French market regulator AMF that it was not in fact preparing a takeover.
French newspaper Les Echos said it had been told by AMF that PepsiCo had informed the market regulator that "it was not preparing any such operation at the moment."