Nelson Peltz Trian Fund takes 2.36-million share stake in PepsiCo; holding falls well below 1% of company's shares outstanding as of Sept. 30
Nevin Barich
LOS ANGELES
,
November 15, 2011
(Industry Intelligence)
–
The Nelson Peltz Trian Fund has taken a 2.36 million-share stake in PepsiCo Inc., Reuters reported Nov. 15.
The fund held the stake as of Sept. 30. The holding falls well below 1% of PepsiCo’s shares outstanding as of Sept. 30.
Earlier this month, PepsiCo's management and board said the company would extend its review of ongoing business plans for 2012 and beyond amid sagging performance.
The primary source of this article is Reuters, London, England, on Nov. 15, 2011.
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