date:Feb 21, 2014
review, which included assistance from bankers and consultants, management and its board of directors concluded shareholder value could be maximized by keeping North American Beverages within the PepsiCo portfolio.
PepsiCo said a spin-off would result in a loss of synergies between snacks and beverages in North America and between North American beverages and international beverage operations. A separation also would decrease the companys relevance to U.S. retailers and jeopardize growth in foo