In 2014, activist investor Nelson Pelz was pressuring PepsiCo to split up the company. Pelz felt that

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In 2014, activist investor Nelson Pelz was pressuring PepsiCo to split up the company. Pelz felt that PepsiCo should split up the soft drink division, which includes Pepsi, Mountain Dew, and Tropicana, and the snack food division, with brands Fritos, Lay's, and Doritos. Why might investors prefer that a company split into multiple companies? Is there a possibility of reverse synergy?
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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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