Elliott takes $4B share of PepsiCo, pens note to board on rebound
Pepsi
Sept. 2 (UPI) -- Activist investor Elliott Investment Management took a $4 billion share of PepsiCo, citing an opportunity to improve the beverage giant's fortunes. Elliott said in a press release that it sent a letter to Pepsi's board, saying it saw the potential to "re-accelerate growth and boost financial performance through greater focus, improved operations, strategic reinvestment and enhanced accountability." Shares of PepsiCo spiked about 4% Tuesday morning on the announcement, CNBC
din zilele anterioare