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Mondelez slides with Kraft and 3G looking elsewhere

  • Shares of Mondelez International (NASDAQ:MDLZ) are down 5.41% in premarket action after Kraft Heinz (NASDAQ:KHC) sets its sights on Unilever.
  • Many analysts have suggested that MDLZ has been trading with a M&A premium in place.
  • CNBC's David Faber reported this morning that 3G Capital, the straw seen stirring food sector M&A, is looking outside of consumer packaged goods for its next deal.
  • Investors are still bidding up Kraft, shares are up 4.84% to $91.50 off this morning's developments.
  • Previously: Unilever passes on Kraft Heinz merger (Feb. 17)
  • Previously: Kraft-Unilever news could impact CPB, HSY and GIS (Feb. 17)

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Mondelez International, Inc.