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      "text": "PepsiCo is undoubtedly one of the world's great consumer franchises, whose leading scale and iconic brands have propelled it to over 100 years of exceptional performance. Yet, the Company's strategic and financial challenges have recently led to poor operational results, sharp stock-price underperformance and a meaningfully discounted valuation.",
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      "text": "The presentation we have published today, “Elliott’s Perspectives on PepsiCo,” lays out how PepsiCo can re-accelerate growth and boost financial results... which could deliver more than 50% upside to shareholders.",
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      "text": "We are writing on behalf of Elliott Investment Management, L.P. (\"Elliott\" or \"we\"), which manages funds that together hold an investment of $4 billion in PepsiCo Inc.",
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