Elliott Management
Pepsi Slashes 20% of Product Lineup and Cuts Prices in Landmark Overhaul After Activist Investor Deal
PepsiCo is undergoing a dramatic transformation, eliminating one-fifth of its U.S. product offerings and implementing aggressive price cuts following a landmark agreement with activist investor Elliott Management. The move aims to streamline operations, boost affordability, and refocus on core brands…
PepsiCo Stock Rises on Q3 Earnings Beat and CFO Change
PepsiCo exceeded analyst expectations for Q3 earnings and revenue, driven by international growth. Despite domestic volume declines and activist investor pressure, shares rose as the company announced a new CFO and reaffirmed its outlook.