Mondeléz International (MDLZ)

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DJ Nelson Peltz Plots Mondelez, PepsiCo Merger - Report

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Activist investor Nelson Peltz could be lining up a 112 billion pounds ($169.58 billion) merger between Mondelez International Inc. (MDLZ) and PepsiCo (PEP) after buying stakes in the two companies, The Daily Telegraph newspaper reported Friday, citing people familiar with the matter.
According to the report, Mr. Peltz has acquired at least $2 billion worth of shares in a concerted buying spree via his Trian Fund Management vehicle.
But the size of the holdings under his control could be even higher as it is understood that other investors have provided backing for the stakebuilding venture via special purpose vehicles.
Mr. Peltz and Trian Fund Management both declined to comment, the newspaper said.

Full story: http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9947125/Nelson-Peltz-plots-112bn-Cadbury-merger.html

Write to London bureau at [e-mail]

(END) Dow Jones Newswires
March 22, 2013 08:05 ET (12:05 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.- - 08 05 AM EDT 03-22-13