date:Aug 08, 2013
Packaged food company Mondelez International Inc dramatically raised its share buyback authorization and posted higher-than-expected earnings on Wednesday, weeks after being criticized by prominent activist investor Nelson Peltz.
Mondelez, which makes Cadbury chocolate, Oreo cookies andTrident gum, does not currently generate as much profit as itcould, and should be acquired by PepsiCo Inc, Peltz saidlast month at a conference that was broadcast on CNBC cabletelevision.
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