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Mars is in talks to buy Kellanova, which owns Pringles, Cheez-It and Morningstar Farms, CNBC's David Faber reported Monday.
The European Commission, fearing consolidation in snacks, asks the two parties for more information; U.S. FTC has already approved the $36 billion deal.
WK Kellogg Co. needs to disclose more about any potential conflict its financial adviser has from a deal with the ...
Kellanova, the global snacking powerhouse formerly known as Kellogg Company (NYSE:K), finds itself at a pivotal moment in its corporate history. With a market capitalization of $28.35 billion and ...
Kellanova's net sales for 2023 were $13 billion. With more than 150,000 associates across its Petcare, Snacking and Food businesses, Mars had net sales of more than $50 billion in 2023.
Last August, Mars announced its intention to buy Kellanova for $35.9 billion. It said the deal would help it broaden its snacking portfolio and expand globally.
In connection with the Consent Solicitation in respect of each Existing Kellanova Indenture, Mars is offering, subject to the satisfaction or waiver of the conditions of such Consent Solicitation ...
Photo: Kellanova Kellanova extended its long streak of quarterly profit beats, as the snacks, cereal and noodles company didn’t let its pending merger with Mars Inc. become as a distraction.
Mars will issue the Mars Guarantee and pay the Consent Payment with respect to each Existing Kellanova Indenture conditioned upon, and promptly after the closing of, the Acquisition (the ...
Mars' $36 billion Kellanova acquisition faces EU scrutiny over potential price hikes, despite FTC approval. Deal completion now expected late 2025.
Mars Inc. will invest $2B by 2026 to expand U.S. manufacturing, boost innovation and meet rising demand for snacks, pet food and candy.