Dive Summary:
- Trian Fund Management, the investment firm run by Nelson Peltz, has increased their shares in both Pepsi and Mondelez.
- The fund now owns $1.4 billion in Pepsi and $1.3 billion in Mondelez after a series of acquisitions dating back to late 2012.
- Many analysts believe Peltz is trying to broker a merger or some other type of deal between the two companies. Pepsi said they will continue talks with the firm.
From the article:
In a statement, Pepsi said that management had been in talks with Trian in order to "discuss and consider their ideas and initiatives as part of our ongoing evaluation of all opportunities to drive long-term growth and shareholder value." The company added that it looked "forward to continuing constructive discussions with them."
