date:Jul 18, 2013
rease if Frito-Lay snacks were sold through Mondelez's international distribution network.
PepsiCo shares were up 1.5 percent at $85.24 on the New York Stock Exchange, while Mondelez shares rose 2.1 percent to $30.50 on the Nasdaq.
The news came after sources said that a timeframe agreed upon between PepsiCo and Peltz to privately address the activist investor's suggestions for improving shareholder returns may be closing.