Elliott Management Nears Settlement with PepsiCo Over Activism Campaign

Thursday, Dec 4, 2025 9:54 pm ET1min read

Elliott Management is close to striking a settlement agreement with PepsiCo, according to the Wall Street Journal. Elliott, a $4 billion stakeholder, urged PepsiCo to boost its share price, revive its soda business, and become more competitive. PepsiCo CEO Ramon Laguarta said the company's interactions with Elliott had been collaborative, but declined to comment on the settlement.

Elliott Management Nears Settlement with PepsiCo Over Activism Campaign

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