date:Feb 14, 2014
w the Top 10, Nooyi said on a post-earnings call.
The company said its decision not to spin off the business was taken after an exhaustive review that involved external consultants and bankers.
Peltz had also urged PepsiCo to create a snack food giant by acquiring Oreo cookie maker Mondelez International (MDLZ.O), but dropped that push after winning a seat on the Mondelez board last month.
PepsiCo also said on Thursday it would return about $8.7 billion to shareholders through buybacks and di