MDLZ May 2024 66.000 put
- Bloomberg
Some Mondelez Shareholders Send Signal on Russian Business
(Bloomberg) -- Roughly 30% of Mondelez International Inc. shareholders voted in favor of a proposal on the company’s human rights policy in Russia and Ukraine, sending a clear signal to management that investors want the snack maker to provide more clarity on its business practices in the warring countries.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Students Walk Out of Commencement Protesting SuspensionsSpaceX Weighs Plan to Sell Shares at $200 Bill
- Associated Press Finance
EU Commission fines Oreo maker Mondelez 337.5 million euros for blocking cross-border sales
The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack brands, for obstructing sales of its products between EU member states, the bloc's executive arm said on Thursday. Mondelez owns the Cadbury and Toblerone chocolate brands as well as Oreo and Chips Ahoy cookies, Triscuit crackers and Perfect Snacks nutrition bars. The Commission said Mondelez tried to avoid that cross-border trade because that could lead to lower prices.
- CNN Business
Oreo-maker Mondelez fined $366 million for rigging European markets
Mondelez, the maker of Oreo and Cadbury Dairy Milk chocolate, has been fined €337.5 million ($366 million) for hindering the trade of chocolate, cookies and coffee between European Union countries in order to keep prices high.
