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