	calny clny gets bid from pepsico pep calny inc said it has received an offer to be uired by pepsico inc which already owns pct of calny stock for dlrs per share subject to approval by pepsico and calny boards and calny shareholders the company said its board intendsd to schedule a meeting in the near future to review the proposal and it has asked oppenheimer and co inc to assist it in evaluating the offer and advise calny on its alternatives calny is the largest franchisee of pepsico s taco bell restaurants operating in california oregon texas and washington as well as la petite boulangerie bakeries in seattle calny earned dlrs on sales of mln dlrs for the nine months ended november four on december four calny rejected as inadequate an investor group led by former president and chairman robert a larive s second offer to uire it because the bid was inadeuqate and subject to too many contingencies the group offered dlrs and one dlr of pct preferred stock per calny share reuter 
