A deal is not going to happen. I'm long MDLZ at $25s but took the opportunity to sell some covered calls against my position at $30 for June expiration. The market cap is $53 billion. Company is too large for Pepsi to do that kind of take over without adding more debt, which they clearly stated they did not want to do. Remember Heinz was $21 billion and that was one of the largest food deals in this sector ever. MDLZ is 2.5x the size and a buy out would have to be alot higher premium for the board of directors to agree to sell. Unless MDLZ spins off some more brands like possibly Cadbury etc which I don't think they would do there would be a deal. MDLZ is fine as a stand alone.
Peltz is jealous that Warren Buffet and Carl Icahn are hogging all of the attention from the press. I agree with your pov.
There are companies thought to be "too big to fail" (whatever) and then there are the companies that are too big to take over. Mondelez is too big to take over..........unless Apple decides to buy it...............NOT!!!!!!!!!!