date:Feb 21, 2014
Activist Investor Nelson Peltz renewed his crusade to convince PepsiCo Inc to spin off its beverage business from its flourishing snacks division, less than a week after the company poured cold water on the idea.
Shares of PepsiCo, whose snack brands include Lays, Cheetos and Doritos, rose as much as 2.3 percent on Thursday.
Two leaner and more entrepreneurial companies through the spin-off would boost sales and margins in the snacks business, while the drinks business would generate stable fl