Report: Peltz to back off Mondelez-PepsiCo merger push


Nelson Peltz will not push for a merger between PepsiCo's (PEP) snacks business and Mondelez International (MDLZ), according to Andrew Ross Sorkin.

Earlier today, Mondelez announced Peltz will be the newest addition to its board of directors.

MDLZ -0.5% premarket

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Comments (3)
  • jsijimmy
    , contributor
    Comments (556) | Send Message
     
    Brilliant! A little common sense in the board room....
    21 Jan 2014, 09:18 AM Reply Like
  • chopchop0
    , contributor
    Comments (4952) | Send Message
     
    Yet it's down today which is odd considering it has popped previously on Peltz's comments regarding a possible PEP merger
    21 Jan 2014, 09:32 AM Reply Like
  • notsosmart
    , contributor
    Comments (3415) | Send Message
     
    this can change.
    21 Jan 2014, 02:37 PM Reply Like
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