Courtesy of Benzinga.
Earlier today, there were rumors saying that PepsiCo (NYSE: PEP) was considering a break-up of the company, with potential value upon break-up being worth $78-$82 per share. That would represent a premium of about 29% if the rumors were true.
Benzinga reached out to PepsiCo to see if the rumors were valid. A spokesperson told Benzinga that they reiterate the statement from its Q3 conference call, “‘PepsiCo’s value is maximized as one company.”
At the time of writing, shares of PepsiCo are trading higher by about 0.10% at $62.16.
