Some members of PepsiCo want to take closer look at splitting up snack, beverage units, a move that CEO is against, according to source

Nevin Barich

Nevin Barich

Nov 16, 2011 – Industry Intelligence

LOS ANGELES , November 16, 2011 () – According to an article by the New York Post, a source said that some members of PepsiCo Inc. want to take a closer look at splitting up the snack and beverage units, a move that CEO Indra Nooyi is against, Reuters reported Nov. 16.

The article quoted another source as saying that Nooyi is close to announcing two major acquisitions — believed to be international — that could boost the company’s stock.

The rumors come after activist investor Nelson Peltz's Trian Fund took a 2.36 million-share stake in PepsiCo, where Nooyi is under pressure from many to split up the company or make other big changes.

Last October, PepsiCo management said it had considered breaking up the company but did not find that to be in the best interests of shareholders. Earlier this month, PepsiCo said its board and management would extend their review of ongoing business plans for 2012 and beyond, raising hopes of more drastic measures to reignite its sagging performance.

The primary source of this article is Reuters, London, England, on Nov. 16, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.