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PepsiCo – which owns food brands including Pepsi, Lays, Doritos and Gatorade – wants to buy Pioneer – which owns Sasko, White Star, Weet-Bix and Liqui-Fruit - for R24.4bn.

PepsiCo is offering more than R24bn to buy Pioneer, the owner of brands including Liqui-Fruit, Weet-Bix and Ceres.