date:Oct 17, 2013
as been under pressure from activist shareholder Nelson Peltz since July, when he said publicly that the company should buy Oreo cookie-maker Mondelez International (MDLZ.O) and split off its soft-drink business from the rest of the company.
In an interview on CNBC on Tuesday morning, investor Warren Buffet, whose Berkshire Hathaway Inc is a major Coca-Cola shareholder, defended PepsiCo's business model, saying that the snacks business is a terrific business, and the other (drinks) is a perfect