Pursuits
Whitworth Holds $610 Million PepsiCo Stake, Meets Executives
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Activist shareholder Ralph Whitworth has built a stake worth about $610 million in PepsiCo Inc. and held meetings with the soft-drink maker’s executives.
Whitworth’s Relational Investors LLC held almost 9 million shares as of March 31, or 0.6 percent of shares outstanding, according to a regulatory filing yesterday. The PepsiCo holding was the investor’s largest by market value at the end of the first quarter, according to the filing.