MDLZ is up big in PM trading on report of equity stake by Nelson Peltz (the activist shareholder who was largely responsible for turning around HNZ): http://www.bloomberg.com/news/2013-03-22/peltz-builds-stakes-in-pepsico-and-mondelez-telegraph-reports.html There’s even talk that Peltz will seek to merge MDLZ and PEP, which seems like a longshot, IMO.