date:Feb 28, 2014
-dollar snack business, which owns brands such as Doritos, Cheetos and Lays.
Peltz had said a spin-off would boost sales and margins in the snacks business, while the drinks business would generate stable flow of cash that could be returned to shareholders.
Trian owned about $1.2 billion of Pepsico stock, as of last week.
Peltz, in an interview with CNBC earlier in the day, said he would take the issue to every major Pepsi shareholder in the coming weeks to garner support.
PepsiCo shares wer