Volume Spike Investor

Pepsi Bottling Group (NYSE: PBG) is getting significant pre-market volume on reports that Pepsico (NYSE: PEP) has agreed to pay $36.50 per share in a higher bidding price to secure the buyout it has pursued.  At 8:26 AM EST we have seen some 340,000 shares trade hands compared to an average volume of about 2 million shares.  We’d expect this to be at 2 million or more by 9:00 AM EST if this volume activity holds up.  We are awaiting confirmation on all the terms of the deal before saying anything is formal or final here.  -JON OGG