Elliott Discloses $4 Billion Investment In Pepsico
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Sept 2 (Reuters) - Elliott Investment Management L.P.:ELLIOTT SAYS ELLIOTT HOLDS $4 BILLION INVESTMENT IN PEPSICOELLIOTT SENDS PRESENTATION TO BOARD OF DIRECTORS OF PEPSICO INC.ELLIOTT: PEPSICO SHOULD EVALUATE POTENTIAL REFRANCHISING OF PEPSICO BEVERAGES NORTH AMERICA’S OPERATIONALLY INTENSIVE BOTTLING NETWORKELLIOTT SAYS PEPSICO SHOULD CONDUCT OPERATIONAL REVIEW FOCUSED ON ALIGNING PFNA’S COSTS TO PRESENT VOLUME REALITYELLIOTT: PEPSI SHOULD PUT INTO PLACE APPROPRIATE OVERSIGHT AND STRUCTURE AROUND REVIEWS Source text: Further company coverage:
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