date:Jul 18, 2013
in meaningful conversations with its shareholders and looks forward to meeting with Trian to learn about their perspectives in more detail, according to a spokesman.
Trian said the combination of PepsiCo and Mondelez would create substantial cost savings and would benefit both companies' shareholders. Trian estimates the merger could lead to an implied value of $175 per share for PepsiCo and $72 per share for Mondelez by the end of 2015.
Davenport Co analyst Ann Gurkin said revenue would inc