Elliott, PepsiCo near settlement as activist pressure shapes strategy: report

Activist investor Elliott Management is close to reaching a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The deal's contours remain unclear, but a resolution would mark the latest in a series of engagements between one of the world's most influential activist investors and the US beverages and snacks major. Elliott disclosed a roughly $4 billion stake in PepsiCo in September and has since pushed the company to accelerate efforts to ...