Are Pepsi Results Enough to End Peltz’s Split Call?
July 23 (Bloomberg) -- Bill Schmitz, analyst at Deutsche Bank Securities, talks with Erik Schatzker about second-quarter results from Pepsi as the company raised its annual forecast on a reduction in costs and looks at whether the strong quarter is enough to squash calls from activist investor Nelson Peltz to split up the company’s businesses. He speaks on “Market Makers.” Schmitz, his family and firm, do not own shares of PepsiCo, but PepsiCo is an investment banking client of Deutsch Bank Securities, which received non-investment banking compensation from PepsiCo in 2014.
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