Elliott takes $4 billion stake in PepsiCo

Time activist investor Elliot Management is taking a significant stake in PepsiCo. But despite today's 2% pop, shares are still only flat since January. Lesie Picker has the details.Hi Les. Hey Court. Yeah, this may not be helpful in uh your hunger issues, but Elliot says if if its proposal, if enacted, could deliver 50% upside to shareholders.The activist says Pepsi trades at a substantial discount to many historically slower growing peers as well as to its own historical average valuation. The activist di ...