Did PepsiCo acquire Lee Way Motor Freight, Inc.?
PepsiCo acquired Lee Way Motor Freight, Inc. on October 27, 1975 through an exchange of stock. Lee Way shareholders received 0.241546 share of PepsiCo for each share of Lee Way. Cash-in-lieu of fractional shares were calculated at a rate of $80 per share. Unexchanged shares were processed and escheated to the respective states of the last known address of the shareholder as abandoned property in 1986.
