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NEW YORK — The FTC voted unanimously on Wednesday to close its antitrust investigation into PepsiCo’s $14 billion acquisition of the Quaker Oats Co. after deadlocking over the issue of whether to seek a preliminary injunction to stop the deal.
The two companies are now able to proceed with internal negotiations and resolutions, according to FTC spokeswoman Cathy MacFarlane. The companies said they intend to close the transaction within the next several business days.
“We’re delighted to get FTC clearance,” PepsiCo chairman/CEO Steve Reinemund said in a joint statement.
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