PEP -- Time to buy? Message Board

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Non-Tech : PEP -- Time to buy?

PEP 142.85

0.0%

Nov 5 3:59 PM EST

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To: paul gambuto who wrote (207)	8/12/1997 3:42:00 AM
From: RFK	of 392

Sunday August 10 8:17 PM EDT PepsiCo spinoff shrs should be held-Barron's NEW YORK, Aug 10 (Reuter) - Investors who receive stock in the new Tricon Global Restaurants Inc in its spinoff from PepsiCo Inc should consider holding them until the market decides what they are worth, Barron's said in its August 11 issue. Barron's said analysts believe PepsiCo and Tricon will be more valuable to investors than the current combined company. Barron's said PepsiCo is moving towards spinning off its Kentucky Fried Chicken, Pizza Hut and Taco Bell fast food chains. The company will be called Tricon, and its shares will be traded on the New York Stock Exchange under the symbol YUM. Barron's said some analysts say both PepsiCo and Tricon will be under pressure because most shareholders won't want to hold both companies and will shuffle their holdings. Barron's said, however, analysts expect greater pressure on the restaurant company because it's new and faces uncertain prospects. Barron's said Mario Gabelli, chairman and chief investment officer of Gabelli Asset Management in Rye, N.Y., believes PepsiCo's beverage and salty snack businesses can gain market shares once divorced from the restaurant unit.

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