Will Relational Investors Use Its New Pepsi Stake To Push For A Spin?

We previously wrote about chatter that Pepsi(PEP) might spin off its Frito-Lay snack division, and Pepsi’s subsequent decision not to.  But that was before Relational Partners got involved.  The firm disclosed that it had accumulated .6% of the company.  The company confirmed that “the company had ‘constructive meetings’ with the hedge fund and called Relational a ‘respected institution.'”… Read More »