Key TakeawaysShares of the companies that dominate the shelves of America's supermarkets rose on Wednesday after Mars said it would buy snack maker Kellanova for $36 billion.Kellanova was spun out of cereal maker Kellogg late last year amid a slew of corporate separations by some of America's most storied companies.The Mars acquisition comes amid heightened regulatory scrutiny of grocery industry consolidation and a bout of inflation. Shares of the companies that dominate the center aisles of America’s gro ...

Mars Inc. announced Wednesday that it will acquire snack maker Kellanova in a deal valued at $35.9 billion. Mars, the company housing brands like Snickers, Pedigree, M&M’s and Twix, said the deal it reached with Kellanova will involve paying $83.50 per share.The move will help Mars lean further into the snacking category as it seeks to "double Mars Snacking in the next decade," the company said. The transaction is expected to close in the first six months of 2025. GET FOX BUSINESS ON THE GO BY CLICKING HERE ...

Mars intends to create a global powerhouse.Shares of global snack company Kellanova (K 7.71%) are soaring on Wednesday, just a little over a week after the last time they soared. This is usually a sleepier stock, but today, a rumor was confirmed: Mars plans to buy the company for $35.9 billion. And that's why Kellanova stock was up almost 8% at 10:30 a.m. ET.An irresistible offerIn October, Kellogg Company spun off its North American cereal business as WK Kellogg, and the remaining brands and geographies be ...

MILWAUKEE, Aug. 14, 2024 /PRNewswire/ -- Ademi LLP is investigating Kellanova (NYSE: K) for possible breaches of fiduciary duty and other violations of law in its transaction with Mars.Click here to learn how to join our investigation https://www.ademilaw.com/case/kellanova or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.Kellanova stockholders will receive only $83.50 per share. The transaction agreement unreasonably limits competing transactions for Kellanova by imposing ...

KEY TAKEAWAYSCandy giant Mars has agreed to acquire Pop-Tarts and Pringles maker Kellanova for a total enterprise value of $35.9 billion in what would be the biggest M&A transaction this year.A deal by Mars for Kellanova, which was spun out of cereal-focused Kellogg last year, would expand the privately held firm's access to snack foods.The deal would be the largest in the food space since Kraft merged with Heinz in 2015, according to Dealogic. Candy giant Mars has agreed to acquire Pop-Tarts and Pringles m ...

Privately held Mars is buying Kellanova (NYSE:K), the snacks division of cereal giant Kellogg’s. The stock will be bought for $83.50 per share. Before the announcement, K stock was selling for $74.50 per share. It was about $80 before the market opened today.CNN said the all-cash deal was worth $29.5 billion, but The New York Times said it was worth $35.9 billion. The difference is mainly due to the $5 billion in long-term debt Kellanova had on its balance sheet at the end of June.Split and SellSomething li ...

ToplineMars, the candy giant whose brands include M&M’s and Skittles, will buy Kellanova—makers of snacks like Pringles and Cheez-It—in a deal valued at $35.9 billion, both companies announced Wednesday, a transaction that would reportedly be the largest in the packaged food industry in over a decade.Mars’ brands, which include M&M’s and Skittles, add on snacks from Kellanova like Eggo, Pringles and ... [+] Cheez-It.Associated Press Key FactsMars will pay $83.50 per share for Kellanova in an all-cash deal, ...

文章核心观点 - 巧克力巨头Mars公司以近300亿美元的价格收购竞争对手零食公司Kellanova,这是包装食品行业有史以来最大的一笔收购交易 [1][2][3][4] - 这笔交易将使Mars公司旗下的Snickers、M&Ms和Milky Way等热门巧克力品牌与Kellanova的Cheez-It、Pringles和Eggo等零食品牌集于一身 [6][9] - 此次收购发生在美国包装食品公司销售增长放缓的背景下,消费者更倾向于选择价格较低的私有品牌产品而非价格较高的品牌产品 [5] - 尽管监管机构可能会对此次交易提出质疑,但专家认为该交易可能会顺利通过反垄断审查,因为两家公司的产品线重叠有限 [7][10][11][12] 根据目录分别总结 交易概况 - Mars公司以每股83.5美元的价格,以全现金方式收购Kellanova,溢价33% [2][3] - 这笔交易价值近300亿美元,超过了Mars公司2008年230亿美元收购Wrigley的规模,为包装食品行业有史以来最大的一笔收购交易 [1][6] 公司背景 - Mars公司是一家家族所有的公司,主要生产Snickers和Mars等巧克力品牌 [4] - Kellanova是一家零食公司,其产品组合包括Cheez-It、Pringles和Eggo等品牌 [3][9][12] - Kellanova于去年10月从WK Kellogg公司分拆出来,专注于美国及全球的咸味零食业务,而WK Kellogg公司保留了北美谷物业务 [12][13] 行业趋势 - 美国包装食品公司如Kraft Heinz、Mondelez和Hershey的销售增长放缓,因为消费者更倾向于选择价格较低的私有品牌产品 [5] - 此次收购发生在这一背景下,可能是Mars公司应对行业增长放缓的策略之一 [5] 监管风险 - 尽管监管机构可能会对此次交易提出质疑,但专家认为该交易可能会顺利通过反垄断审查,因为两家公司的产品线重叠有限 [7][10][11] - 此前,美国联邦贸易委员会曾阻止Kroger公司收购Albertsons公司的交易,理由是会消除两家公司之间的激烈竞争,导致消费者面临更高的食品价格 [8]

JHVEPhoto/iStock Editorial via Getty ImagesNothing As Sure As Change What is the value for retail investors in owning WK Kellogg Co (NYSE:KLG) stock, the North American cereal business, after the October 2023 separation and potential sale of its snacks and food business? Most analysts rate the stock as Sell or Hold. We judge Kellogg stock as a potential buy opportunity, at this time. We are convinced the stock is at least a safe harbor in these tumultuous times, with upside potential as the cereal indu ...

Juanmonino WK Kellogg Co (NYSE:KLG), the Kellanova (K) spin-off company responsible for cereal sales in North America, reported its Q2 results on the 6th of August in pre-market hours showing revenues in line with Wall Street analyst estimates but weaker-than-expected profitability, not notably weakened by a boycott of the company in Q2 promoted on social media. The company's owned strong brands under the Kellogg's name, including Frosted Flakes, Froot Loops, Corn Flakes, and multiple other names, haven't b ...