SodaStream International Ltd. rose the most in eight months after daily newspaper Calcalist reported the maker of household soda machines is in talks on a possible stake sale to a large soft-drink producer.
SodaStream International Ltd, the Israeli maker of home soda machines, dropped to the lowest level in two months after Stifel Financial Corp. said competition from larger rivals will erode the company’s profits.
Activist investor Nelson Peltz, whose bid to break up PepsiCo Inc. was rejected by management, fired back in a letter to the board yesterday, criticizing its “dismissive tone” and demanding operational changes.
Activist investor Nelson Peltz, who has sought a split of PepsiCo Inc.’s beverage and snack units, was “highly disappointed” with its decision not to heed his proposal and will take the case directly to investors, he said yesterday in a 37-page letter to the company.
PepsiCo Inc.’s board sent a letter to activist investor Nelson Peltz firmly rejecting his demand to split the company’s snacks and beverages units, supporting a stance taken by Chief Executive Officer Indra Nooyi.