PepsiCo and Coca-Cola Co are among large CPG firms in talks to invest in Chobani in a deal that would value the Greek yogurt manufacturer at as much as $3bn, including debt, according to Reuters.
Chobani has confirmed that it has been looking for a new CEO for some time, but says the process was set in motion by its current CEO, founder and chairman Hamdi Ulukaya, so “to imply that he is being pushed out by the board is completely ridiculous”.