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Does merging PepsiCo and Mondelez make sense?

BlackRock and Fundsmith are sceptical over Peltz proposal for PepsiCo

Activist investor Nelson Peltz thinks PepsiCo's salty snacks go better with the sweet snacks at Mondelez International than soda and Gatorade.

Wall Street isn't as enthusiastic about Peltz's suggestion, made Wednesday, that PepsiCo buy Mondelez in a $80 billion deal and then spin off PepsiCo's beverage business.

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