Mars to acquire Pop Tarts, Pringles maker Kellanova in $36B deal
KKellogg(K) Fox Business·2024-08-14 23:52

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 ...