Activist Renews Push For PepsiCo To Spin Off Snack Unit

Law360, New York (February 20, 2014, 12:19 PM EST) -- Activist investor Nelson Peltz has revived calls for PepsiCo Inc. to split its global snacks and beverages businesses into two companies, saying in a letter released Thursday that he was "highly disappointed" with the company's recent refusal to make structural changes. 

In the letter released to shareholders Thursday, Peltz, co-founder and CEO of Trian Fund Management LP, hammered the snack and beverage giant's board of directors for pushing forward with its holding company structure after announcing "another quarter of uninspiring performance" earlier this month. Trian owns $1.2...
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