Will Pepsi Bid For Mondelez International?

PepsiCo (PEP) has repeatedly said that it’s not interested in doing any meaningful M&A, but never say never, according to Stifel’s Mark Swartzberg and his team.

Swartzberg writes that management teams often say that they’re not interested in doing a deal all the way up until the point at which they change their minds. He writes that  Chairman and CEO Indra Nooyi has spent her tenure making Pepsi a stronger company through acquisitions and divestitures, and Pepsi’s strong share performance make a deal more likely now than when she started back in 2012.
Source: Barrons

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