date:Mar 25, 2013
e it stands today, said a Mondelez spokesman.
We are making strong progress in our strategy to deliver long-term growth and create shareholder value, said a PepsiCo spokesman. We do not see the need for any large scale MA.
Mondelez shares rose $1.17, or 4 percent, to $29.73 on the Nasdaq, while PepsiCo shares rose $2.49, or 3.3 percent, to $78.64 on the New York Stock Exchange.
Through Thursday's close, PepsiCo shares have increased 11 percent this year, following a transition year in 2012 th