1. Activist Investor Ackman Paying About $5.5B for 7.5 Pct Stake in Snack Maker Mondelez

    Activist Investor Ackman Paying About $5.5B for 7.5 Pct Stake in Snack Maker Mondelez

    Activist investor Bill Ackman is paying approximately $5.5 billion for a 7.5 percent stake in Mondelez International Inc. Ackman's Pershing Square Capital Management LP is buying about 120.3 million shares of the snack maker. Mondelez's stock rose 8 percent in Thursday premarket trading. Mondelez, the maker of products including Oreo cookies and Cadbury chocolate, split off from Kraft in 2012. Kraft kept the North American grocery brands and Mondelez took the snacks...

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