PepsiCo CEO Indra Nooyi avoided talks of a potential merger during its second-quarter earnings call, held Wednesday, following calls from activist investor Nelson Peltz for the company to divest its drink operations within North America and acquire Mondelez International. Peltz said last week PepsiCo should drop its struggling beverage businesses in North America, which includes the Pepsi, Sierra Mist and Gatorade products; the investor owns a $1.3 billion share of PepsiCo and $1 billion in Mondelez, say reports. Nooyi declined to address the issue directly on Wednesday, however, saying the company’s broad portfolio offers “commercial opportunities and…new growth avenues to capture expanding consumer demand.”
Full Content: Chicago Tribune
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI