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PepsiCo acquired Taco Bell in June 1978 through an exchange of stock. Taco Bell shareholders received 1.43 shares of PepsiCo, Inc. common stock for each share of Taco Bell. Cash in lieu of fractional shares calculated at a rate of $29.625 per share. Taco Bell was spun off along with Pizza Hut and KFC businesses as Tricon Global Restaurants, Inc. in 1997. Tricon Global Restaurants later becomes YUM! Brands, Inc.
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When did PepsiCo acquire Taco Bell?
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