Chobani Explores Deal with Coca-Cola

Reuters reported Monday that PepsiCo Inc. and Coca-Cola Co. are in talks to invest in Chobani LLC, in a deal that the Greek yogurt maker hopes could value it at as much $3 billion, including debt. However, sources told CNBC Wednesday that Coca-Cola is not exploring a stake in Chobani.

Chobani is exploring selling a minority stake, including warrants owned by private equity firm TPG Capital LP that account for between 10 percent and 20 percent of the yogurt maker's equity depending on its financial performance, Reuters reported. The company is looking for a strategic investor to help expand its supply chain, distribution, manufacturing base and geographic footprint for its popular yogurts like Flip, which combine yogurt with flavors such as peanut butter and coffee.

To read the full Reuters article click here. 

To read the full CNBC article click here.