Most Investors in Survey Back Pepsi Split
A majority of institutional investors, including Pepsi shareholders, support a split, according to a Wall Street survey conducted by Bernstein Research and released on Monday.
(Reuters) - Investor Warren Buffett and some Wall Street fund managers are divided on activist Nelson Peltz's renewed proposal to split PepsiCo Inc's (PEP.N) robust snacks division from its beverage business.
The packaged food and beverage industry has been dogged by lackluster demand, leading growth-seeking activist investors to demand spinoffs and deep cost cuts to "unlock" value.
See more at: www.reuters.com/article/2014/03/03/us-pepsico-peltz-buffett-idUSBREA221PT20140303
