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Ackman discloses 7.5 percent stake in Mondelez

(Changes source, adds comment from Mondelez, background)

Aug 5 (Reuters) - Activist investor Bill Ackman's Pershing Square Holdings Ltd disclosed a 7.5 percent stake in Cadbury chocolate and Oreo cookies maker Mondelez International (Xetra: A1J4U0 - news) Inc.

Pershing Square said its beneficial ownership of 120.3 million shares includes forward purchase contracts and call options.

Ackman's stake is valued at about $5.5 billion based on Mondelez's closing price on the Nasdaq on Wednesday.

"We welcome Pershing Square as investors in our company," a Mondelez spokeswoman said. "We'll continue to focus on executing our strategy and on delivering value for all our shareholders."

The Wall Street Journal, which...


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