The battle for Pepsi’s future has begun
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Investing See all topics Facebook Tweet Email Link Link Copied! Follow New York — PepsiCo is losing the soda wars to Coca-Cola. That’s nothing new. But after it fell into third place behind Dr Pepper, a heavyweight activist investor said Tuesday that the company needs a drastic shakeup. Elliott Management said it built a massive $4 billion stake in PepsiCo and wanted to work with the company to turn around its business. “PepsiCo finds itself at a critical inflection point,” Elliott Investment
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