Elliott Investment Management, an investment firm that has led past activist campaigns, has amassed a roughly $4B stake in PepsiCo (PEP), Laura Cooper of The Wall Street Journal reports. Elliott has encouraged the company to scrutinize its brand and drop slow sellers, while also revamping its bottling network and take other steps to improve its stock price. “We are reviewing Elliott’s presentation in the context of driving long-term shareholder value,” PepsiCo said.
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