Mondelez International, Inc. (NasdaqGS:MDLZ) will look for acquisitions. Dirk Van de Put, Chairman and Chief Executive Officer said, “Well, it's difficult to get into an exact time frame. We obviously have clearly declared that we want to increase the snacking percentage over time.

And today, we've announced our intent to divest the gum business in developed markets as well as our Halls business. And we are clearly going to continue to pursue additional bolt-on acquisitions who sometimes might come with categories that we don't want to be in. But I would say, roughly, you can expect us to reach that 90%, 10% in the next 3 to 4 years, I don't have an exact time line.

We will see how we go and what type of bolt-on acquisition opportunities we have”.