Report: Peltz to back off Mondelez-PepsiCo merger push

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

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