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Activist Ackman Not Indicating His Intent for Mondelez

NEW YORK ( TheStreet) -- William Ackman, the high profile activist investor, is not yet saying what he'll do now that his hedge fund, Pershing Square Capital, has taken a $5.5 billion dollar stake in Mondelez International (MDLZ - Get Report).

Ackman owns 7.5% of the snack company whose products include Ritz crackers, Oreos and Trident gum. The Wall Street Journal has reported that Ackman believes Mondelez must boost revenues more quickly, cut costs or sell out to another food company.

Bruce Goldfarb, President and CEO of Okapi Partners, a proxy solicitor which works on behalf of both...


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