Tag Archives: Frito-Lay

Will Relational Investors Use Its New Pepsi Stake To Push For A Spin?

We previously wrote about chatter that Pepsi(PEP) might spin off its Frito-Lay snack division, and Pepsi’s subsequent decision not to.  But that was before Relational Partners got involved.  The firm disclosed that it had accumulated .6% of the company.  The company confirmed that “the company had ‘constructive meetings’ with the hedge fund and called Relational a ‘respected institution.’”… Read More »

Pepsi To Buck Spinoff Fad, Hold On To Snack Foods, For Now

Despite calls by some investors to spin off its Frito-Lay snack food division, Pepsi(PEP) appears ready to continue to remain a single entity. The company has languished during CEO Indra Nooyi’s tenure, rising just 1% in 5 years. The WSJ reports that “A breakup of the company appears unlikely, although the board has looked at the idea.” Instead,… Read More »