Cadbury owner adds Peltz to board

Mondelez, the maker of Cadbury chocolate and Oreo cookies, added activist investor Nelson Peltz to its board yesterday in a deal that ends his campaign to have the company merge with PepsiCo. Peltz has been pushing Mondelez to sell itself to the beverage and snacks giant since the middle of last year. Shares in the US-listed firm opened down three per cent as hopes of a deal evaporated.