- 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)
Mondelez slides with Kraft and 3G looking elsewhere
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About MDLZ Stock
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Symbol | Last Price | % Chg |
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MDLZ | - | - |
Mondelez International, Inc. |