11.   Shedding the restaurants would free up capital and other resources that Pepsi could use to boost its soft-drink and Frito Lay snack businesses.

12.   Some analysts point out that PepsiCo has been reporting strong profit growth at its other businesses, particularly its Frito-Lay U.S. snacks business.

13.   The company also said it was shutting its Eagle snacks business.

14.   The company took one-time charges last year to exit its snack food businesses in the U.S. and Spain.

15.   United Biscuits also said today it has sold its Spanish snacks business to Galletas Siro food group of Spain, while continuing to seek a buyer for troubled Keebler.

16.   Philip Morris led the Dow Jones industrial average higher Monday as investors applauded its plan to buy the snack food business Nabisco Holdings Corp.

17.   PepsiCo also will create a new umbrella division for its Frito-Lay and Quaker snacks businesses outside North America.

18.   PepsiCo, which also owns the Frito-Lay snack food business, is based in Purchase, N.Y.

19.   PepsiCo executives felt the restaurant business demanded different skills than the core soft drink and snack foods businesses and should be independent.

20.   PepsiCo Inc. shares rose sharply Friday after the soft drink and snack foods business said it was considering breaking its bottling operations into a separate publicly traded company.