PepsiCo Inc acquires Chinese snack maker Be & Cheery for $705 mln

PepsiCo Inc acquired one of the largest Chinese snack makers Be & Cheery, from Haoxiangni Health Food Co Ltd for $705 million, which will help cement the former's place in the Chinese food & beverage market, according to a company filing on Feb23. (NBD)

Editor: Tan Yuhan