Mars-Kellanova Deal Boosts Grocery Aisle Stocks
Kellogg(K) Investopedia·2024-08-15 00:43
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 ...