Activist Fund Trian Beefs Up Pepsi, Mondelez Stakes

Law360, New York (April 19, 2013, 4:59 PM EDT) -- Activist investor Nelson Peltz's Trian Fund Management LP has taken sizable stakes in food and beverage giants PepsiCo Inc. and Mondelez International Inc., reportedly worth a combined $2.7 billion, Trian disclosed in a regulatory filing Friday.

The New York-based private fund revealed in a U.S. Securities and Exchange Commission filing that it had amassed a $494 million stake in Mondelez and a $269 million stake in PepsiCo over the latter part of 2012. Though the activist fund did not disclose the current size of its stakes,...
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