Wimm Bill Dann Up 2% As Pepsi Boosts Stake

Wimm Bill Dann WBD shares are up more than 2% this afternoon, as Bloomberg said that Pepsi 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.