Spokesperson Says Pepsi (PEP) Held 'Constructive' Talks with Relational

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.

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