DELTA BEVERAGE GROUP INC
8-K, 2000-09-07
BOTTLED & CANNED SOFT DRINKS & CARBONATED WATERS
Previous: AMERICAN FIDELITY SEPARATE ACCOUNT B, N-30D, 2000-09-07
Next: MORGAN STANLEY ABS CAPITAL I INC, 8-K, 2000-09-07



<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                           --------------------------

                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                             SECURITIES ACT OF 1934


                                 AUGUST 31, 2000
                Date of Report (Date of earliest event reported)


                           DELTA BEVERAGE GROUP, INC.
               (Exact Name of Registrant as Specified in Charter)

              DELAWARE                  _________                75-2048317
  (State or Other Jurisdiction of      (Commission             (IRS Employer
           Incorporation)              File Number)          Identification No.)



                               2221 DEMOCRAT ROAD
                            MEMPHIS, TENNESSEE 38132
          (Address of Principal Executive Offices, including Zip Code)


                                 (901) 344-7100
              (Registrant's Telephone Number, including Area Code)

<PAGE>

ITEM 5.  OTHER EVENTS.

         Delta Beverage Group, Inc. is a subsidiary of PepsiAmericas, Inc.

         Whitman Corporation and PepsiAmericas announced that a purported
         class action lawsuit has been filed in the Court of Chancery of
         Delaware with respect to the proposed merger of PepsiAmericas and
         Whitman Corporation. The complaint, which was filed by a purported
         stockholder of PepsiAmericas, names PepsiAmericas, the directors of
         PepsiAmericas, Dakota Holdings, LLC, and Whitman Corporation as
         defendants.

         The complaint alleges that the consideration to be paid to the
         public shareholders of PepsiAmericas in the merger is unfair and
         inadequate and that the transaction serves the interests of PepsiCo
         to the detriment of PepsiAmericas' minority public shareholders.
         The plaintiff seeks, among other things, class action
         certification, a preliminary and permanent injunction against
         consummation of the proposed merger, and rescission or damages
         should the transaction be consummated.

         Whitman Corporation and PepsiAmericas believe that the allegations
         contained in the complaint are without merit and intend to
         vigorously defend the action.


                                           2


<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  September 7, 2000                  Delta Beverage Group, Inc.


                                        By:   /s/ John F. Bierbaum
                                           ---------------------------------
                                              John F. Bierbaum
                                              Chief Financial Officer



                                             3


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission