Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, on Tuesday added activist investor Nelson Peltz to its board in a compromise agreement that ends his campaign to have PepsiCo Inc take over the company.Analysts now expect the influential investor to separately lobby each company to improve their results.Last year, Peltz urged Mondelez to sell itself to the beverage and snacks giant, but PepsiCo balked at such a deal.Trian is Mondelez's fourth-largest shareholder, with a 2.3 percent stake, according to Thomson Reuters data. Trian also owns 0.8 percent of PepsiCo.
Mondelez International, Inc. (Mondelez International), is a snack manufacturing company. Shares of MDLZ fell by 2.27% or $-0.8/share to $34.45. 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 27866892.
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. Shares of PEP traded higher by 0.88% or $0.72/share to $82.92. 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 4635960.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.96% or $0.36/share to $37.91. 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 500502.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.22% or $-0.09/share to $41.64. 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 800474.
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