date:Mar 15, 2016
e that the company can successfully function independently after it rejected offer from PepsiCo, which had offered to acquire the yogurt maker last year.
Chobani was seeking to forgo only a minority stake in its business in order to raise funds to help expand its production and distribution. It had also intended to foray into new segments such as dips.
In order to seek a partner, Chobani had even hired Goldman Sachs Group. At the time, Chobani was having a tough time handling its expansion pla