PepsiCo to Trian: The answer is still no
date:Mar 03, 2014
omes in the wake of another rejected proposal.

After initially proposing a spin-off of the snacks business and a merger of it with Mondelēz, you have now indicated that your primary suggestion at this point is for PepsiCo to separate its global snacks and beverage businesses, Mr. Cook said. We have carefully studied managements extensive analysis of the current company structure and its beverage business and managements conclusions that much of Trians data is selective and, in many instances,
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