News & Analysis on Chocolate, Candy and Cocoa
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PepsiCo CFO Hugh Johnston says the firm is not interested in buying Mondelez for a premium price of $80bn due to integration risks and dubious value for his firm’s shareholders.
PepsiCo should acquire Mondelez and split its beverage and snacks businesses, according to an investor with a large stake in both firms.
While Mondelēz is not expecting a significant turnaround in gum this year, the world’s #2 gum maker behind Wrigley is “actively testing a number of ideas to rejuvenate the category” that are just starting to pay off, CEO Irene Rosenfeld told analysts...