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Pepsi buys Muscle Milk

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PepsiCo Inc. purchased CytoSport, the maker of sports and wellness products Muscle Milk, for undisclosed terms.

The purchase from Hormel Foods, which also makes Spam and Skippy peanut butter, is expected to close within 60 days.

The acquisition is said to be the biggest move by Pepsi under new CEO Ramon Laguarta.

Read more from Bloomberg.

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