Activist Takes A Big Bite of Oreo Maker
New York — The maker of Oreo cookies may again be the target for a shake-up as “Big Food” companies scramble to transform amid changing tastes. Activist investor Bill Ackman’s Pershing Square said last week it took a 7.5 percent stake in snack maker Mondelez International Inc. that was worth about $5.5 billion. The disclosure comes as Mondelez, which also makes Ritz crackers, Cadbury chocolates and Trident gum, had already been...
