PepsiCo Inc. says it isn’t interested in any big acquisitions after a report suggested a mega-snack food deal could bring its Doritos under the same roof as Oreos.
The Purchase, N.Y., company, which dominates the salty snack market with Frito-Lay, issued a short statement Friday after the Telegraph newspaper of London said activist investor Nelson Peltz could push it to merge with Mondelez, which is known for sweets including Cadbury and Nabisco. The report cited unnamed sources saying Peltz, has been building stakes in Pepsi and Mondelez in recent weeks. Mondelez International Inc., which split from Kraft Foods Group Inc. last year, also said it was satisfied with its portfolio as it stands.
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