Investors back Mondelez International's coffee plans

Shares of Mondelez International (MDLZ) rip higher after the company announces a plan to create a new coffee company with D.E. Master Blenders.

The company also beats profit estimates with its Q1 report.

MDLZ +8.6% premarket

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Comments (3)
  • jeanewight
    , contributor
    Comments (344) | Send Message
    Sounds exciting, but aren't there enough coffee companies out there competing for market share?
    7 May 2014, 02:22 PM Reply Like
  • chopchop0
    , contributor
    Comments (5265) | Send Message
    This will be the biggest.
    7 May 2014, 03:50 PM Reply Like
  • airok
    , contributor
    Comments (3) | Send Message
    I think that is their point and why investors are excited by this. It creates a competitive number 2 to Nestle that can negotiate for the tightened supply of coffee beans.
    7 May 2014, 03:53 PM Reply Like
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