'Mondelez Seeks Buyer For Tang Brand In Latin America; Hired JP Morgan Which Is Investigating Potential Interested Parties For The Juice Brand. Sales Process Is In The Initial Process' - NeoFeed
Portfolio Pulse from Benzinga Newsdesk
Mondelez International (MDLZ) is seeking a buyer for its Tang brand in Latin America. The company has hired JP Morgan to investigate potential interested parties. The sales process is currently in its initial stages.
May 22, 2024 | 7:57 pm
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Mondelez International is seeking a buyer for its Tang brand in Latin America, with JP Morgan investigating potential interested parties. The sales process is in its initial stages.
The sale of the Tang brand could potentially streamline Mondelez's portfolio and provide additional capital. The involvement of JP Morgan suggests a serious approach to finding a buyer, which could positively impact MDLZ's stock in the short term.
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