PepsiAmericas, Inc. was the world's second-largest bottler of Pepsi-Cola products, and also contracted to produce beverages for Dr Pepper Snapple Group and smaller regional brands. PepsiAmericas had 19 bottling plants in the United States and had a presence in 11 countries in Central/Eastern Europe and 5 countries in the Caribbean. PepsiAmericas was based in Minneapolis, Minnesota. PepsiCo, Inc. held a 41.1% stake in the company. On April 20, 2009, PepsiCo offered to buy the remaining portion of PepsiAmericas it did not currently own, at an offer of $23.27 per share (or $11.64 in cash in addition to 0.223 PepsiCo shares, in exchange for each PepsiAmericas share). After facing regulatory review, PepsiCo's acquisitions of PepsiAmericas and another major Pepsi bottler, the Pepsi Bottling Group, were completed on February 26, 2010, forming a new, wholly owned subsidiary, the Pepsi Beverages Company.