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PepsiCo: Despite Peltz's Urging, No Mondelez Purchase Plans

PepsiCo Inc. doesn’t plan to heed a proposal by Trian Fund Management LP’s Nelson Peltz, who is urging the soft-drink maker to purchase Mondelez International Inc. (MDLZ), according to a person with knowledge of the matter. PepsiCo also is unlikely to split its global beverage business from its global snacks business, said the person, who asked not to be identified because the company’s dealmaking is handled privately. (Bloomberg)