date:Jul 29, 2013
Acquiring a business the size of Mondelēz International is too risky at this point, Hugh Johnston, chief financial officer of PepsiCo, Inc., said in a July 24 interview that aired on Fox Business.
Mr. Johnstons comments came in response to a question about how the Purchase, N.Y.-based company is handling calls from investor Nelson Peltz to either break up the company to create two pure play beverage and snack food companies or merge with Mondelēz International to create a global snack food co