date:May 21, 2012
for PepsiCo were many, the CLSA analysts said: it could spin-out Americas Beverages (including Gatorade, Tropicana, Lipton, Pepsi, Mountain Dew,7 Up) under separate, focused management, or sell it to another beverage company (perhaps in the beer world).
It could spin out its American Snacks [including Lay's, Doritos, Cheetos] which we believe would trade at a large premium to most food and beverage stocks given superior returns and growth prospects (in both North and South America),they added