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Investor Ackman paying $5.5B for minority stake in Mondelez

NEW YORK (AP) -- Activist investor Bill Ackman is paying approximately $5.5 billion for a 7.5 percent stake in Mondelez International Inc.

Ackman's Pershing Square Capital Management LP is buying about 120.3 million shares of the snack maker.

Mondelez's stock rose 8...