Nelson Peltz Discloses a Position in $PEP and $MDLZ

“NEW YORKActivist investor Nelson Peltz has disclosed stakes in Mondelez (MDLZ) and PepsiCo (PEP), following earlier reports that the billionaire could be pushing for a marriage between the sweet and salty snack giants.

In a statement early Friday, PepsiCo said that it has held meetings with Peltz’s Trian Fund Management in recent weeks to consider its “ideas and initiatives” for long-term growth. A spokesman for Mondelez wasn’t immediately available say whether the company has met with Trian as well.

A representative for Trian declined to comment.

Peltz’s disclosures come at a sensitive time for the two U.S. food and drink makers. Mondelez, which makes Oreo cookies and Cadbury chocolates, has stumbled in its first quarters as an independent company after splitting from Kraft Foods. But in a short statement, the company noted that it has “created significant value through our transformation.” ….”

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