The source said PepsiCo was offering 2.3 of its shares for eachQuaker share. Based on PepsiCo’s closing price of $42.375 onFriday, the offer valued Quaker Oats at $13.4 billion or $97.4625per share.

N E W  Y O R K, Dec. 4 -- PepsiCo. has agreed to acquire Quaker Oats, the maker of Cap’n Crunch cereal, Aunt Jemima pancake products and Gatorade, in a deal worth $13.4 billion in stock.

PepsiCo is teaming up with a Chinese partner to build a Quaker oats production facility in the Asian country. The US-headquartered food and drinks giant has inked what it called a “strategic ...

PepsiCo Inc. and Quaker Oats Co. shareholders apparently are eating up the combination, boosting the companies' stock after Pepsi said it will fork over about $13.4 billion for Quaker.

PepsiCo will buy Quaker Oats for $13.4 billion in stock, giving PepsiCo a new array of food and beverage products, including Quaker's big seller — Gatorade. The deal gives PepsiCo a boost in its ...