date:Jul 25, 2013
g that when it is cold, Quaker oatmeal sells.
His remarks came a week after activist shareholder Nelson Peltz urged the company to buy Mondelez International Inc , which makes Oreo cookies, and to split off PepsiCo's soft-drink business.
We think PepsiCo as a portfolio is working so well right now, Johnston said on CNBC. The complexity of taking on an $80 billion acquisition and somehow trying to do all that integration, frankly, will distract the business from doing what it is that we're doin