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Activist investor Elliott Investment Management has acquired a massive $4 billion stake in PepsiCo, making it one of the beverage giant’s largest shareholders. The firm is now pushing for strategic changes to boost performance at the struggling company. PepsiCo has acknowledged the input and says it will review the suggestions within its existing growth framework.
- Elliott's $4 billion investment makes it one of PepsiCo's largest shareholders.
- The activist investor sent a formal letter to PepsiCo's board calling for strategic changes.
- PepsiCo responded by stating it will review Elliott's input within its current growth strategy.
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