date:Aug 08, 2013
pease an activist investor, one wayis potentially through returning cash to shareholders, saidMorningstar analyst Erin Lash.
Mondelez shares were up nearly 2 percent in afterhourstrade. Lash said the size of the buyback authorization wasgreater than may have been expected, but noted that thecompany's margins remain under pressure.
That could be tempering some of the response, she said.
Mondelez said it is now authorized to buy back up to $6billion of its stock through 2016, up from $1.2