Spokesperson Says Pepsi (PEP) Held 'Constructive' Talks with Relational
Tweet
Share
E-mailGet Alerts PEP Hot Sheet
Price: $128.09 -0.05%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +0.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +0.4%
Join SI Premium – FREE
Shares of Pepsi (NYSE: PEP) are continuing higher as a spokesperson for the company has not only confirmed rumors of a stake by Ralph Whitworth's Relational Investors, but also said the company held "constructive" talks with the fund.
The stock hit an intraday high at $68.60.
The stock hit an intraday high at $68.60.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pepsico (PEP) PT Lowered to $142 at Citi
- Putin: Russia is not preparing for any hostilities with Europe - IFX
- Araghchi gave Witkoff and Kushner Iran's conditions for reopening the Strait of Hormuz and resuming nuclear talks - Axios
Create E-mail Alert Related Categories
Hedge Funds, Trader TalkRelated Entities
Relational Investors LLC, Ralph V. WhitworthSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
