According to reports, activist investor Elliott is close to reaching a settlement with PepsiCo

AASTOCKS
2025.12.04 21:14

According to a report by The Wall Street Journal on Thursday, activist investor Elliott Management is close to reaching a settlement agreement with PepsiCo (PEP.US), although details are not yet known.

Elliott held approximately $4 billion in Pepsi shares in September and urged the company to boost its stock price, revitalize its beverage business, and enhance competitiveness.

PepsiCo CEO Ramon Laguarta stated in October that the company's interactions with Elliott have been collaborative, and he agrees with the activist investor's view that the company is undervalued. Laguarta noted at the time that many of Elliott's ideas have been incorporated into PepsiCo's current business growth strategy, but he did not provide a clear response to Elliott's suggestion to spin off the company's large North American bottling network to help improve profit margins