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BLOOMBERG Market Makers June 22, 2024

What bill is trying to do here, it is still early and you cannot tell. Just like we have seen, these are the highermargin products. ,ou are buying oreo cookies ritz crackers, so you have got the high margin. Lower productivity, lower margins than its peers. 3g doing their operational cost cutting overhaul was able to take this company 40 , take that drive powder, get into the transaction, and now that it is trading at the preview trading as it is, the verdure, potentially with pepsi. Erik what i am trying to understand, and maybe you could is why does bill ackerman see a need . Is it a bet on nelson . Peltz is in there on the board. Is hell dissatisfied with what else is doing or does he believe that what peltz and his people are already doing at mont elise a window . He has been in that position and then the company for many years. When you want to get this kind of costcutting or a major move, can you really do it with management . Bill ackman to do that with burger king, d remember t ....

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