Billionaire Nelson Peltz With More Merger Talk
Be sure to check out our detailed stock analysis (click here). Billionaire Nelson Peltz appeared at CNBC's Delivering Alpha conference to further tout his idea of a PepsiCo (NYSE: PEP) and Mondelez International (NASDAQ: MDLZ) merger. Peltz is the founder of Trian Fund Management. This is not new news, Peltz has been hinting at a PepsiCo-Mondelez deal for several months now and even took noticeable stakes in both companies during the first quarter.
Moderator, Andrew Ross Sorkin, notes that PepsiCo has performed better than the Kraft Foods and Mondelez spinoffs. But Peltz notes that while Mondelez's margins are low, it's the growth story that makes it attractive.
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