Pepsi has been trying to buy the two companies since April and investors have bid the stock up. It appears that the transactions were only a matter of time.
It is still not clear how smart the acquisitions are or whether there is substantial benefit for Pepsi to own a larger part of its supply chain. The market clearly thinks there are economies of scale in the deals. It is bidding Pepsi stock up almost 3 percent this morning to $57.84.
Douglas A. McIntyre is an editor at 24/7 Wall St.