Ackman Buys 7.5% Stock in Mondelez, What Next?
Activist investor William Ackman’s hedge fund company, Pershing Square Capital Management LP has recently acquired 7.5% equity stake in Mondelez International Inc. MDLZ , maker of the popular Oreo cookies, which is equivalent to $5.5 billion worth of stock. With his latest investment in Mondelez, Ackman is reportedly insisting the snack company to accelerate its revenue growth and cut costs significantly or sell itself to a rival, like Kraft Foods. […]