Peltz says PepsiCO should buy Mondelez
July 18 , 2013
Trian's Peltz said that he wants PepsiCo Inc. to buy Mondelez International Inc. However, PepsiCo has repeatedly mentioned that it doesn't see a point in such mergers. Trian said that they hope PepsiCo would reconsider this and also mentioned that forcing a company to complete such a huge merger is not possible.
This potential deal would be worth $62.46 billion and a spokesperson at PepsiCo said the company has enough confidence to deliver longterm shareholder value. Reports suggest that Mondelez would be meeting with Trian to learn about more details.
According to Trian, the combination of PepsiCo and Mondelez would benefit both companies and create substantial savings.