Health food -- of all things -- may have gotten in the way of a marriage of snack-food titans.
PepsiCo Inc., the maker of Doritos and Pepsi-Cola, explored a merger with Nestlé SA in late spring, which would have created an immense global food concern with increasing emphasis on "wellness"products. The effort was ultimately scuttled over a host of complications, according to people familiar with the matter.
PepsiCo made the initial approach, according to a person familiar with the situation.
PepsiCo Inc., the maker of Doritos and Pepsi-Cola, explored a merger with Nestlé SA in late spring, which would have created an immense global food concern with increasing emphasis on "wellness"products. The effort was ultimately scuttled over a host of complications, according to people familiar with the matter.
PepsiCo made the initial approach, according to a person familiar with the situation.
