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Ocean Spray rejects Pepsi bid

Cooperative may ultimately be forced to sell, experts say

By Naomi Aoki
Globe Staff / June 9, 2004

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In a vote that pitted one cranberry farmer against another, a narrow majority of the growers who own Ocean Spray Inc. chose to remain independent rather than pursue a joint venture with PepsiCo that would have given the beverage giant control of the Ocean Spray brand and its juice business. (Full Article: 932 Words)

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