date:Jan 22, 2014
eltz has long been an advocate of corporate splits as a way to unlock value. In 2008, he pressed Cadbury Schweppes to spin off its beverage businesses. His influence was key in Kraft's purchase of Cadbury, and the subsequent breakup of Kraft. He may have backed off his plans for Mondelez and PepsiCo for now, but no doubt he has not given up.
Shares of Mondelez were down 2.5% in early trading Tuesday to $34.35. The 52-week range is $26.45 to $36.05, and the mean price target was $35.61 before th