Mondelez Up on Divestiture Talk; Is a Deal With Pepsi on the Horizon?

Is Mondelez’s (MDLZ) move to divest itself of its European cheese business a sign that a merger with Pepsi (PEP) is on the horizon? According to Reuters, Mondelez is seeking buyers for its European cheese and grocery assets to focus on its snack business. And Normura analyst David Hayes had this to say: The divestiture […]