Mondelez can be the bad bank of junk food, writes dasha_reuters.
Keurig Dr Pepper said on June 8 that U.S. snacks group Mondelez International would sell roughly a 2% stake in the drinks maker at a price of $35.65 per share, around 3% below the previous day’s close.
Mondelez, whose brands include Oreos cookies and Cadbury’s chocolate, will own 6% of Keurig Dr Pepper’s outstanding common stock after the sale, which is due to close on June 10, and will retain two board seats.Cadbury chocolate is seen in this picture illustration taken July 18, 2017.
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