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PEPSICO

Published on .

PepsiCo's stock gained on completion of a $3.3 billion acquisition of Tropicana Products from Seagram Co. Aug. 25, a new weapon against Coca-Cola Co.'s Minute Maid. But by the next day, the stock continued its downward trend. The deal could hit trouble; a federal lawsuit by Ocean Spray Cranberries seeks to block Pepsi from distributing single servings of Tropicana. Separately, a federal judge ruled Aug. 27 PepsiCo can proceed with an antitrust suit against Coca-Cola Co. on access to the fountain business.
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