PepsiCo to review North American supply chain amid Elliott talks

Investing.com -- PepsiCo Inc plans to review its North American supply chain as part of several initiatives to conclude negotiations with activist investor Elliott Investment Management, Bloomberg reported Monday, citing people familiar with the matter.

An announcement on these moves could reportedly come as early as this week.

The food and beverage giant is also expected to highlight efforts to develop new products and strategies for pricing and packaging them, along with changes to capital allocation. PepsiCo is not expected to make any board changes, the report added.

Elliott, which disclosed a roughly $4 billion stake in PepsiCo in September, has been pushing for changes at the company, citing what it views as an overly complex brand portfolio and a declining share in the beverage business.

The activist investor is said to be supportive of the changes PepsiCo is planning to implement.

You May Also Be Interested In

• Pepsico (PEP) PT Lowered to $161 at BNP Paribas Exane, 'Expect Renewed Calls for Greater Urgency in NA'
• Exclusive: National Vision CEO on traffic, ticket growth and the digital shift
• Devon Energy gains after activist pushes for sale options