Is PepsiCo Close to Breakup? Maybe, But ABI May Not Jump

May 17, 2012Is PepsiCo Close to Breakup?Maybe, But ABI May Not JumpDear Client:When Altria spun off Kraft Foods in 2007, it unleashed some value. There's been some chatter recently that PepsiCo may split its beverage division from its Frito-Lay snacks division in emulation of Kraft, as we've written about previously. But this week the heat has been turned up as an activist investor is rattling cages over there, and PepsiCo management has opened dialogue with that investor, which is "expected