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Peltz renews attempt to break up PepsiCo

  • Nelson Peltz has sent a 37-page letter to PepsiCo's (PEP) board renewing his call for the company to spin off its struggling beverage business, which has been battling falling soda sales in developed markets, and focus on snack brands Lays, Cheetos and Doritos.
  • The letter comes less than a week after PepsiCo ruled out a break-up following a review.
  • Peltz, whose Trian Fund Management firm owns $1.2B in PepsiCo, plans to start meeting with shareholders and could conduct public investor forums.
Comments (5)
  • 50 cent it is
    , contributor
    Comments (1325) | Send Message
     
    Pepsi may not know it yet,but Pelz is the best thing that could happen to them
    20 Feb, 07:43 AM Reply Like
  • 50 cent it is
    , contributor
    Comments (1325) | Send Message
     
    I finally found a stock that is a screaming BUY
    20 Feb, 08:10 AM Reply Like
  • James Duade
    , contributor
    Comments (293) | Send Message
     
    What is the Pepsi beverage business worth on it's own? Anyone have a good number, any help is much appreciated!
    20 Feb, 10:55 AM Reply Like
  • mike marron
    , contributor
    Comments (28) | Send Message
     
    Amen and Thank You, Nelson Peltz, before Nyooi runs the snack business into the ground also!
    20 Feb, 01:30 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1325) | Send Message
     
    Pepsi ruled out a restructuring by hiring investment bankers and consultants to tell Pepsi what they wanted to hear and paying them a fortune in shareholder money for their efforts
    Bigger is not always better
    Look at the post office
    20 Feb, 02:28 PM Reply Like
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