date:Feb 21, 2014
e will begin meeting shareholders immediately to gather support for a split.
Peltz's investment firm, Trian Fund Management, owns about $1.2 billion of PepsiCo stock.
The billionaire investor has influenced food industry deals such as the spin-off of Dr Pepper Snapple Group from Cadbury, Kraft's purchase of Cadbury and the subsequent breakup of Kraft into Mondelez International and Kraft Foods Group Inc.
Peltz also owns stakes and serves on the boards of The Wendy's Co (WEN.O), asset manager