Investors like idea of Mondelez-PepsiCo merger

04/25/2013 | Bloomberg Businessweek

Stock prices of PepsiCo and Mondelez International have increased more than 8% in the past month, reaching record highs, amid speculation that activist investors Nelson Peltz and Ralph Whitworth will push for a merger. "It would be a very powerful combination and probably lead to considerable synergies between the two companies," said Kevin Dreyer, money manager at GAMCO Investors.

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