date:Jul 14, 2014
Mondelez International Inc., the maker of Oreo cookies and Wheat Thins crackers, is separating its European cheese and grocery business in a move that may lead to a sale or spinoff, a person familiar with the matter said.
The creation of a stand-alone unit with about $1.4 billion in sales comes as the company jettisons coffee and focuses on faster-growing snack brands amid pressure from activist investors Ralph Whitworth and Nelson Peltz. The strategy may pave the way for an exit from the chees