date:Jul 18, 2013
Wednesday at a conference that was broadcast on CNBC, Peltz said PepsiCo doesn't love the deal. He also said he plans to meet with Mondelez Chief Executive Irene Rosenfeld in the coming weeks.
PepsiCo, maker of Frito-Lay snacks and Gatorade sports drink, has repeatedly said it sees no need for large-scale mergers.
Although Trian disagrees with PepsiCo's rationale, it said it understands that a company cannot be compelled to complete a transformational merger.
We hope they will reconsider the