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PepsiCo Inc (NYSE:PEP) has gained U.S. approval to buy two of its largest bottlers under the condition that it follows certain steps to protect its rivals business information, the Federal Trade Commission said on Friday. Under an agreement with the Federal Trade Commission, PepsiCo will set up a firewall to guarantee that PepsiCo employees do not see classified Dr Pepper Snapple Group (NYSE:DPS) business information, the agency said in a statement.
Pepsi, which had announced the approval of the $7.8 billion deal late Thursday, said that it planned to close the deal after the market closed Friday.
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