date:Jul 18, 2013
ir position, Trian said in a statement.
If PepsiCo does not pursue that deal, it must separate its snacks business from its drinks business, Trian said.
A PepsiCo spokesman said the company is confident in its ability to deliver longterm shareholder value as an integrated food and beverage company.
PepsiCo has already said publicly that it was weighing structural options for its North American beverage business but does not plan to discuss it until early next year.
Mondelez regularly engages