PepsiCo Downplays A-B Merger Speculation

August 9, 2011PepsiCo Downplays A-B Merger Speculation Dear Client:PepsiCo moved quickly to dismiss the notion that it should split up its beverage and snacks divisions into separate companies, like Kraft has done. Bernstein Research published a report last week that pointed out the possible advantages of splitting the company into two, citing a "seeming changed tone from CEO Indra Nooyi and Kraft's recent announcement", pointing out that PepsiCo and Kraft use the same consultants. "We wonder whether PepsiCo may be