Elliott Investment Management – Charm

Activist investor takes a $4 billion stake in PepsiCo, seeing a path to revive sales

Cs news2 months ago04 mins

Activist investor Elliott Investment Management is taking a $4 billion stake in PepsiCo, saying there’s an opportunity to revive the snack and drinks company. Years of double-digit price increases from PepsiCo and changing customer preferences has weakened demand for its drinks and snacks, the company said in February. In July PepsiCo said that it is…

With Citgo share auction in shambles, US court readies plan to start over

Cs news11 months ago04 mins

By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – An auction of shares in a Citgo Petroleum parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on Tuesday, conceding a year-long sale process was in shambles and needed to start fresh. U.S. District Court in Delaware is auctioning shares in…