PepsiCo
backed its outlook for 2010 and said it saw earnings per share rising at a low double-digit rate on an constant currency basis in 2011 and 2012.

The soft-drink maker, which also closed its purchase of Pepsi Bottling Group and PepsiAmericas Inc, said it expected earnings per share to grow 11 percent to 13 percent on a constant currency basis in 2010.

Last week, Pepsi archrival Coca-Cola Co made a surprise move to buy the North American operations of bottler Coca-Cola Enterprises Inc .

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)