NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Mars, Inc. ("Mars") and Kellanova (NYSE: K). Investors who purchased Kellanova and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/k. Investigation Details The investigation concerns whether Kellanova and its board of directors breached their fiduciary duties to share ...

In a standout M&A move, Mars, Inc. has agreed to acquire Kellanova K for $83.50 per share, marking a 44% premium over its 30-day average price. The $35.9 billion transaction is anticipated to be finalized in the first half of 2025, subject to shareholder and regulatory approvals. Here's what analysts are saying about the deal: RBC Capital Markets analyst Nik Modi downgraded Kellanova from Outperform to Sector Perform, raising the price forecast to $83.50 from $76. Piper Sandler analyst Michael S. Lavery rei ...

BATTLE CREEK, Mich., Aug. 15, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that Gary Pilnick, Chairman and Chief Executive Officer, and David Mckinstray, Chief Financial Officer, will participate in a virtual fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 3:45 PM ET on September 4, 2024. Access to a live webcast of the event will be available on the investor page of the Company's website at investor.wkkellogg.com. Participation in the webcast will be in lis ...

Key Takeaways Candy giant Mars' $35.9 billion offer for Kellanova is a fresh burst of energy for the mergers and acquisitions market. The Mars transaction is the largest M&A deal this year, according to Dealogic, ahead of Capital One Financial's $35.3 billion deal to acquire Discover Financial Services, announced in February. It marks the third-largest transaction in the food and beverage space, the data show. Candy giant Mars' $35.9 billion offer for Pop-Tarts and Pringles maker Kellanova (K) is a fresh bu ...

Key Takeaways Shares 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 g ...

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 HER ...

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 offer In October, Kellogg Company spun off its North American cereal business as WK Kellogg, and the remaining brands and geographies ...

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 imposi ...

KEY TAKEAWAYS Candy 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 Pringle ...

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 Sell Something ...