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• In Canada, the Financial Post reports that Jean Coutu Group plans to sell its 7.2 stake in Rite Aid, the US chain drug store company. Two years ago, it owned 28 percent of Rite Aid, but has been steadily divesting its ownership.

The question, according to the story, is what Jean Coutu will do with the money - estimates are that it will have close to $500 million in the bank, and no debt.


Reuters reports that Nelson Peltz, a man usually referred to as an "activist shareholder," is calling for PepsiCo to acquire Mondelez International in order to "create a snack food powerhouse selling everything from chocolate to chips."
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