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Peltz blasts PepsiCo again, seeks details on operations, strategy

Reuters – Activist investor Nelson Peltz, who has been pushing PepsiCo Inc. to separate its beverage and snacks businesses, blasted the company yet again on Thursday [March 13] and demanded answers on operational issues and its corporate strategy.

Peltz’s Trian Fund Management, which owns nearly 1 percent of PepsiCo’s stock, has been urging the company to split its flourishing snacks division from its sluggish beverage business to create “two leaner and more entrepreneurial companies.”

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