Deals
PepsiCo Sees No Large Deals as Peltz Reported to Build Stake
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PepsiCo Inc. said it doesn’t need large-scale acquisitions after a newspaper reported billionaire investor Nelson Peltz has built stakes in PepsiCo and food maker Mondelez International Inc. and may agitate for a merger.
“We are making strong progress in our strategy to deliver long-term growth and create shareholder value, and we do not see the need for any large scale M&A,” Jeff Dahncke, a PepsiCo spokesman, said in an e-mail. He declined to comment specifically about Peltz.