Shares of Mondelez International Inc (NASDAQ:MDLZ) ended Friday session in green amid volatile trading. The shares closed up +0.24 points or 0.55% at $44.19 with 5,956,792 shares getting traded. Post opening the session at $44.22, the shares hit an intraday low of $44.04 and an intraday high of $44.56 and the price vacillated in this range throughout the day. The company has a market cap of $69.11 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
Mondelez International Inc (MDLZ) on Aug. 12, 2016 announced an agreement to purchase from Burton’s Biscuit Company the license that enables the company to manufacture, market and sell Cadbury-branded biscuits around the world, including in the UK, France, Ireland, North America and Saudi Arabia, subject to regulatory approval.
“Ownership of the Cadbury biscuits license offers us exciting opportunities to accelerate global growth and innovation, as we expand our leading position in biscuits, globally and in Europe,” said Hubert Weber, Executive Vice President and President, Mondelēz Europe. “The transaction will help us to unify and expand our global Cadbury biscuits portfolio in key markets and enable us to explore delicious new products by using the best of our chocolate and biscuit innovation platforms.”
Mondelēz International and Burton’s Biscuit Company have agreed that Cadbury-branded biscuits will continue to be manufactured in Burton’s factories by their employees under a co-manufacturing agreement. The companies have agreed not to disclose financial terms of the transaction.
Shares of The Coca-Cola Co (NYSE:KO) ended Friday session in green amid volatile trading. The shares closed up +0.31 points or 0.72% at $43.66 with 9,009,555 shares getting traded. Post opening the session at $43.52, the shares hit an intraday low of $43.47 and an intraday high of $43.83 and the price vacillated in this range throughout the day. The company has a market cap of $189.79 billion and the numbers of outstanding shares have been calculated to be 4.32 billion shares.
The Coca-Cola Co (KO) on August 29, 2016 announced they have met their goal to replenish, or in other words balance, the equivalent amount of water used in their global sales volume back to nature and communities. Based on this achievement, Coca-Cola is the first Fortune 500 company to publicly claim achieving such an aggressive water replenishment target.
The Coca-Cola system also announced progress against its water efficiency goal. The company and its bottling partners improved water use efficiency by 2.5 percent from 2014 to 2015, adding to a cumulative 27 percent improvement since 2004.
Based on a global water use assessment validated by LimnoTech and Deloitte, and conducted in association with The Nature Conservancy (TNC), the Coca-Cola system returned an estimated 191.9 billion liters of water to nature and communities in 2015 through community water projects, equaling the equivalent of 115 percent of the water used in Coca-Cola’s beverages last year.
“This achievement marks a moment of pride for Coca-Cola and our partners. A goal that started as aspiration in 2007 is a reality and a global milestone we plan to maintain as our business grows,” said Muhtar Kent, Chairman and CEO, The Coca-Cola Company. “Now, every time a consumer drinks a Coca-Cola product, they can have confidence that our company and bottling partners are committed to responsible water use and tomorrow. We are keenly aware that our water stewardship work is unfinished and remain focused on exploring next steps to advance our water programs and performance.”