Pershing Square, headed by activist Bill Ackman, is placing a bet that Mondelez will be a target in the consolidating food industry, according to reports.
Billionaire activist investor William Ackman’s hedge fund has built a $5.5 billion stake in Cadbury chocolate and Oreo cookies maker Mondelez worldwide Inc (Xetra: A1J4U0 – news), which could become a potential target in a consolidating food industry.