Mondelez Gearing Up For That Big Buyout
The Bill Ackman target Mondelez (NASDAQ: MDLZ) is looking to sell off its European cheese and grocery business. The first step in getting ready for a big buyout or merger.
With the cheese business going away, it looks like the likely merger partner down the road could be Pepsi. The move means that Mondelez will be focusing more on snacks.
This makes it an ideal partner to merge with Pepsi's Frito-Lay snacks business. This would fit into Nelson Peltz and his Trian Fund thesis from 2013, when he first got involved with Mondelez.
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