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A sharply split U.S. Federal Trade Commission decided not to challenge PepsiCo's $13.9 billion acquisition of Quaker Oats Co., maker of the popular Gatorade sports drink. The commissioners split 2-2 on whether to block the merger, giving Pepsi the go-ahead to complete the deal, because FTC rules require a majority to vote in favor of litigation.
August 02, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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