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1. ACTIVIST INVESTOR SEEKS TO MERGE PEPSICO AND MONDELEZ

Activist investor Nelson Peltz is urging PepsiCo to buy Mondelez, owner of Oreo, Chips Ahoy! and other sweet brands, for $80 billion, and spin off Pepsi's beverage division. If PepsiCo's shareholders support the plan, the joint company would have 17 snack brands and could earn $70 billion in annual revenue. Pepsi said Wednesday that it opposes big deals and thinks its snack and drink branches work well together. [The Wall Street Journal]

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.