| NEW YORK, July 17
NEW YORK, July 17 Trian Fund Management's Nelson
Peltz wants PepsiCo Inc to buy Oreo cookie maker
Mondelez International Inc for $35 to $38 a share, he
told CNBC on Wednesday.
The news sent Mondelez shares up 3 percent on Nasdaq.
Officials from both companies were not immediately available for
Peltz said he also wants PepsiCo to spin off the beverage
business after buying Mondelez.
The news came a day after sources told Reuters that a
timeframe agreed upon between PepsiCo and Peltz to privately
address the activist investor's suggestions for improving
shareholder returns may be closing.