Mondelez International Inc, which makes Cadbury chocolate, Oreo cookies and Trident gum, said it added activist investor Nelson Peltz to its board.Peltz's Trian Fund Management is Mondelez's fourth-largest shareholder with 2.3 percent of its shares, according to Thomson Reuters data.The billionaire from Brooklyn had said last year that Mondelez could almost double its earnings per share by managing costs better. He had also said that the company should be acquired by PepsiCo Inc.His addition increased the size of Mondelez's board to 12 members, 11 of whom are independent.
Mondelez International, Inc. (Mondelez International), is a snack manufacturing company. Shares of MDLZ fell by 1.26% or $-0.45/share to $35.25. In the past year, the shares have traded as low as $26.45 and as high as $36.05. On average, 8772730 shares of MDLZ exchange hands on a given day and today's volume is recorded at 17311736.
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Shares of PEP fell by 0.8% or $-0.66/share to $82.20. In the past year, the shares have traded as low as $70.98 and as high as $87.06. On average, 4445890 shares of PEP exchange hands on a given day and today's volume is recorded at 6281206.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.08% or $0.03/share to $37.55. In the past year, the shares have traded as low as $29.33 and as high as $38.73. On average, 775819 shares of TRI exchange hands on a given day and today's volume is recorded at 998301.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.24% or $0.51/share to $41.73. In the past year, the shares have traded as low as $29.40 and as high as $41.90. On average, 927456 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 259546.
Source
