With images of burning shopping malls and violent street protests fresh in investors’ minds, Thailand might seem an unlikely place for a hostile takeover. But PepsiCo Inc.’s bid to buy local bottler and distributor Serm Suk PCL points to an undercurrent of hope in the nation’s longer-term prospects, analysts say.
The takeover battle, while fiercely contested on the ground, speaks to a broader sense of optimism about the Thai economy despite the country’s ongoing political troubles as well as mirroring PepsiCo’s expansion elsewhere in Asia.
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(Source: The Wall Street Journal Online)