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PepsiCo reaches truce with billionaire investor Nelson Peltz

The settlement will likely end a long-running campaign by Mr Peltz and his team to break up PepsiCo

New York

NEARLY two years of public sabre-rattling between PepsiCo and the billionaire investor Nelson Peltz appeared to end, as the two announced a truce of sorts.

The food giant said on Friday it would add William Johnson, the former chief executive of HJ Heinz, to its board. Mr...

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