Elliott Management looks to put fizz back into Pepsi with $4B stake — as it presses for a turnaround
1. Elliott Management takes a $4 billion stake in PepsiCo to boost stock. 2. A letter outlines plans to increase share price by 50%. 3. PepsiCo's market value has dropped by 25% from its peak. 4. Food business accounts for 60% of revenues but is facing pressure. 5. Coca-Cola's restructuring success contrasts with PepsiCo's current struggles.