One of corporate America's most successful investors, William Ackman has purchased a $5.5bn stake, which equates to 7.5%, in Mondelez in an attempt to put the company up for sale.
The confectionary giant, that manufactures Cadbury’s chocolate and Oreos, is currently undergoing a restructuring initiative to cut costs, and reported its seventh straight drop in quarterly revenue last week.
Mondelez has been shutting factories and setting a share buyback of up to $13.7bn in order to boost its financial state.