Blowing An Activist Investing Bubble
h/t professorbainbridge. The of the moment sounds like a bad comedy sketch:
2012: Under pressure from Trian Fund Management LP, Kraft Foods Group Inc () decides to split in two, spinning off its mature North American grocery business to highlight its global snack-food business. The larger global business–which includes Oreo, Cadbury, Wheat Thins, and other brands–is named Mondelez International Inc () International Inc. The smaller company, dubbed Kraft Foods Group Inc., gets the Kraft cheese products, Maxwell House coffee, Jell-O, and Planters nuts, among other brand. ...
March 2015: Kraft Foods Group and H.J. Heinz Company () ,
August 2015: Activist investor William Ackman in Mondelez International Inc. The activist investor believes Mondelez has to grow revenues faster and cut costs significantly or...