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"Citing sources familiar with the matter, Britain'sDaily Telegraph reported that Peltz had spent $2 billion on shares of the companies through his investment vehicle, Trian Fund Management. The paper speculated that Peltz could then push for a merger of the two companies."

"The often speculated-upon marriage between PepsiCo and Mondelez would bring together salty snacks like Doritos and Tostitos with sweets like Cadbury chocolate and Oreo cookies. The resulting behemoth would have more than $100 billion in revenue and $20 billion of operating earnings per year."

"A deal would also reunite Mondelez Chief Executive Irene Rosenfeld with Frito-Lay, which she ran for two years before taking the reins at Kraft in 2006."

https://news.fidelity.com/news/news.jhtml?articleid=20130322...

Tim
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