It is reported that both the parties have evaluated the North American beverage division and have come into a conclusion. If the performance does not show signs of improvement, a restructuring of the company may be implemented.
PepsiCo chief executive Indra Nooyi has received criticism from investors over the performance of the company's beverage business. Last year, the company lost its leading position in the market to rival Coca-Cola.
In order to improve the profits, in February, Pepsico announced its plans to eliminate 8,700 jobs and increase its marketing budget in 2012 by nearly $600m.
