Wimm Bill Dann Up 2% As Pepsi Boosts Stake

Wimm Bill Dann (NYSE: WBD) shares are up more than 2% this afternoon, as Bloomberg said that Pepsi (NYSE: PEP) boosted its stake in the company to 95.81% from 76.98%.

Pepsi is currently in the process of buying the entire company.

Wimm-Bill-Dann Foods OJSC manufactures and sells dairy, beverage, and baby food products primarily in the Russian Federation. Its principal dairy products include sterilized and pasteurized milk, and butter and cream.