In a defiling that it now owns 7. 5 of the food giant which makes oreos, ritz crackers and wellknown brands. Whats unclear is what the investor wants to do with the company. Ackman wanted the snack maker to grow revenue or cut costs or sell itself. Mondelez, for its part says they will welcome them as investors in the company. Ackman joins nelson peltz. His firm holds a 3 stake in mondelez. Well show you whats going on now in the premarket trading as a result of this and you wouldnt be surprised to see that they are sharply higher. What does he want to do with the company . He wants the stock to go up so he can sell the stock for more than he paid for. We were having a conversation off camera. Okay. Maybe he sees something thats not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, 5 billion. I can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you
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Starting today, coffee chain Peet’s Coffee will launch the fully vegan Everything Plant-Based Sandwich as part of its spring menu at participating locations nationwide. The new sandwich features a Beyond Meat Breakfast Sausage patty, mung bean-based folded JUST Egg, melted dairy-free cheddar cheese, and comes served on an everything bagel thin. “We are thrilled to join forces with Beyond Meat and JUST Egg to bring Peetniks a delicious breakfast sandwich made with all plant-based ingredients,” Lori Fulmer, Peet’s Senior Food Research and Development Manager, said. “As consumers continue to demand more plant-based options we have expanded beyond alternative dairy, setting our sights on a plant-based breakfast sandwich that is not only better for the planet, but also every bite as delicious as your typical animal-based breakfast sandwich.”