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  "documentTitle": "PepsiCo (PEP)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
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  "presentationDate": "2013-07-01 00:00:00",
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      "text": "Trian believes a merger with Mondelez and a separation of all of PepsiCo’s beverages business is the right strategy",
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      "text": "Note: The estimates, projections, pro forma information and potential impact of the ideas set forth herein are based on assumptions that Trian believes to be reasonable...",
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      "text": "Trian believes a merger with Mondelez and a separation of all of PepsiCo’s beverages business is the right strategy",
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      "text": "Transactions can create significant shareholder value",
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      "text": "Most importantly, Trian believes the transactions result in two standalone companies that are far better positioned for long-term success than either is today",
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      "text": "EPS accretion: 32%",
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      "text": "Trian Sees A Mondelez Merger / Beverage Separation As The Best Strategy For PepsiCo",
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