PepsiCo Downplays A-B Merger Speculation

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

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