date:Feb 21, 2014
Trian Fund Management L.P., owner of about $1.2 billion of PepsiCo, Inc. common shares, on Feb. 19 said PepsiCo should separate its global snacks and beverage segments into two independent public companies. The recommendation came after PepsiCo on Feb. 13 turned down an earlier proposal from Trian to split up by saying it would remain one company.
Trian believes the decision is one for shareholders, and it will immediately begin to engage fellow shareholders in a public dialogue with the goal o