Pepsi & Mondelez?

PepsiCo says it doesn't need big acquisition following suggestion of possible Mondelez merger

PepsiCo Inc. says it isn't interested in any big acquisitions after a report suggested a mega-snack food deal could bring its Doritos under the same roof as Oreos. The Purchase, N.Y., company, which owns Frito-Lay, Quaker Oats and Gatorade, issued a short statement Friday after the Telegraph of London said activist investor Nelson Peltz could push it to merge with Mondelez International Inc., which makes Cadbury and other Nabisco brands, in addition to the famous cream-filled cookies. The report cited unnamed sources saying Peltz, who is known for making big investments then forcing change, has been building stakes in the two companies in recent weeks.
Comment: I still can't pronounce Mondelez!

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