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Morning Brief: Pershing Square Takes Sizable Stake in Mondelez

Bill Ackman’s hedge fund firm now owns 5.6 percent of the snack food company, which also counts Trian Fund Management as a big shareholder.

Pershing Square Capital Management disclosed it owns more than 84 million shares of Mondelez International, or 5.6 percent of the snack food company. They include more than 13.9 million shares of common stock and more than 70 million shares of common stock underlying American-style call options, according to a new

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